Odisha Issues Guidelines to Fast-Track Pumped Storage Projects

23 Sep 2025 CW Team

The Odisha state government has released operational guidelines for its Pumped Storage Hydro Projects (PSPs) Policy-2025, designed to accelerate energy storage infrastructure and facilitate smoother integration of renewable energy into the grid.

The Energy Department stated that the guidelines provide a structured framework for project implementation, monitoring, and evaluation, while encouraging investment from both government and private sectors. The Grid Corporation of Odisha Limited (GRIDCO) will act as the nodal agency for allocation of self-identified and state-identified sites, with 45 potential PSP locations already identified.

All projects will follow the build-own-operate-transfer (BOOT) model, with a 40-year concession period extendable by 30 years. Post-concession, the projects will be transferred to the state government, except for captive PSPs, which will retain their status as captive generating projects (CGP).

Projects under the policy will receive all benefits under the Odisha Renewable Energy Policy, 2022 (OREP-22), along with exemptions such as no electricity duty or cross-subsidy surcharge on input energy, no water cess for non-consumptive use, and no obligation for free power or contributions to the Local Area Development Fund (LADF). Developers are also eligible for central budgetary support and full renewable energy incentives if energy input is sourced from in-state renewables, with no penalties for sourcing from outside Odisha. Projects availing IPR incentives cannot claim benefits under this policy or OREP-22.

Deputy Chief Minister and Energy Minister Kanak Vardhan Singh Deo said the policy is a vital step toward grid stability and achieving Net Zero goals. “With its PSP Policy, Odisha is laying the groundwork for a resilient, renewable-powered future. This marks a decisive step toward sustainable growth and climate-conscious development,” he added.

Resources

21 Nov 2025

Hindustan Zinc, RIICO Advance Plans for Proposed Zinc Park

Hindustan Zinc, in collaboration with the Rajasthan State Industrial Development & Investment Corporation (RIICO), held a stakeholder consultation workshop in Jaipur to advance the proposed Zinc Park, the world’s first dedicated industrial ecosystem for zinc, lead, silver, and allied metals. The initiative aims to position Rajasthan as a global hub for metals innovation and manufacturing. The workshop brought together policymakers, industrial leaders, MSMEs, technology partners, and prospective investors to refine the park’s infrastructure blueprint, policy framework, and sectoral..

ANAROCK Unveils AI Platform to Transform Housing Sales

ANAROCK has recently launched ANAROCK.AI, an advanced residential sales platform integrating generative and predictive AI to accelerate property transactions and strengthen customer engagement. Built on eight years of proprietary data covering seven million enquiries and 90,000 unit sales, the platform uses machine learning to identify high-intent buyers, revive dormant leads, and enhance channel partner performance. The suite comprises nine tools across three segments—Genie Suite for 24/7 conversational engagement; Astra Suite for predictive lead scoring, sales revival and team optimisatio..

Tsuyo, Karnataka Ink LOI for EV Powertrain Facility

Tsuyo Manufacturing has recently signed a Letter of Intent with the Government of Karnataka to set up an advanced EV powertrain manufacturing facility and a dedicated testing track for commercial vehicles. The agreement was formalised at the Bengaluru Tech Summit 2025 in the presence of senior state officials and company leadership. The proposed plant will produce a wide range of powertrain solutions, including electric motors across multiple topologies, e-drives, e-axles, automatic transmissions, integrated systems, and complete powertrain assemblies for heavy commercial EVs. It will also fe..