Sangram Power Project to establish 1000 MW PSP in Odisha
POWER & RENEWABLE ENERGY

Sangram Power Project to establish 1000 MW PSP in Odisha

Sangamam Power Project Company has developed a comprehensive project report for establishing a 1000 MW Pumped Storage Project (PSP) in Sunki, located in Odisha’s Koraput district. The project aims to enhance the region’s energy storage capabilities, contributing to Odisha’s renewable energy infrastructure.

As part of its expansion plans, the company formalized its commitment by signing a Memorandum of Understanding (MoU) with the Odisha government during the Utkarsh Odisha Conclave. This agreement marks a significant step in advancing pumped storage technology within the state, ensuring reliable power supply and supporting grid stability.

The proposed PSP will leverage water reservoirs to store and generate electricity efficiently. During periods of low electricity demand, surplus power will be used to pump water from a lower reservoir to a higher one. When demand rises, the stored water will be released back to the lower reservoir, driving turbines to generate electricity. This process will help balance power fluctuations and integrate more renewable energy into the grid.

The Odisha government has been focusing on energy security and sustainability, making pumped storage projects an essential part of its long-term power strategy. By facilitating this large-scale investment, the state aims to strengthen its renewable energy portfolio and enhance overall power reliability.

With its expertise in developing energy infrastructure, Sangamam Power Project Company is expected to play a crucial role in executing this project. The collaboration between the government and private sector in this initiative underscores Odisha’s commitment to fostering clean energy solutions and advancing its position in India’s growing renewable energy sector.

News source: United News of India

Sangamam Power Project Company has developed a comprehensive project report for establishing a 1000 MW Pumped Storage Project (PSP) in Sunki, located in Odisha’s Koraput district. The project aims to enhance the region’s energy storage capabilities, contributing to Odisha’s renewable energy infrastructure. As part of its expansion plans, the company formalized its commitment by signing a Memorandum of Understanding (MoU) with the Odisha government during the Utkarsh Odisha Conclave. This agreement marks a significant step in advancing pumped storage technology within the state, ensuring reliable power supply and supporting grid stability. The proposed PSP will leverage water reservoirs to store and generate electricity efficiently. During periods of low electricity demand, surplus power will be used to pump water from a lower reservoir to a higher one. When demand rises, the stored water will be released back to the lower reservoir, driving turbines to generate electricity. This process will help balance power fluctuations and integrate more renewable energy into the grid. The Odisha government has been focusing on energy security and sustainability, making pumped storage projects an essential part of its long-term power strategy. By facilitating this large-scale investment, the state aims to strengthen its renewable energy portfolio and enhance overall power reliability. With its expertise in developing energy infrastructure, Sangamam Power Project Company is expected to play a crucial role in executing this project. The collaboration between the government and private sector in this initiative underscores Odisha’s commitment to fostering clean energy solutions and advancing its position in India’s growing renewable energy sector. News source: United News of India

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->