Ministry of Power

No plans to provide Viability Gap Funding for Pumped Storage Projects; levelized cost of storage is viable: Union Power and New & Renewable Energy Minister

Posted On: 23 DEC 2023 10:35AM by PIB Delhi

The Union Minister for Power and New & Renewable Energy has informed that the Levelised cost of storage of Pumped Storage Projects is economically viable. Therefore, there are no plans to provide Viability Gap Funding for Pumped Storage Projects.

Ministry of Power has notified Guidelines to promote development of Pumped Storage Projects (PSP) in the country on 10thApril, 2023. There is no provision for allocation of PSPs to the private sector on nomination basis in the aforesaid guidelines.

At present, no proposal for allocation of PSPs to private sector on nomination basis is under consideration.

The details of PSPs currently operational in the country, State / UT- wise, is given below.

PSPs currently installed in the country, State / UT- wise

 

S No.

Station

Installed Capacity (MW)

Gujarat

1

Kadana *

240

2

SardarSarovar RBPH *

1,200

Maharashtra

3

Ghatgarh

250

4

Bhira

150

Tamil Nadu

5

Kadamparai

400

Andhra Pradesh

6

N J Sagar

705.6

7

Srisailam LBPH

900

West Bengal

8

Purulia

900

 

Total

4,745

Note: Kadana PSP & Sardar Sarovar RBPH are currently not operational in pumping mode.

 

At present, four (4) no. of PSPs with aggregate installed capacity of 2,780 MW are under construction in the country. The details are given below.

PSPs currently under construction

Sl. No.

Name of Project

State

River Basin

IC (MW)

Tentative Year of

Commissioning

1

Tehri PSS

Uttarakhand

Ganga

1000

2024-25

2

Pinnapuram

Andhra Pradesh

Pennar

1200

2024-25

3

Kundah PSP Ph-I, II & III

Tamil Nadu

Cauvery

500

2024-25

4

Koyna Left Bank *

Maharashtra

Krishna

80

2027-28

 

Total

2,780

 

Note: Construction activities at Koyna Left Bank are currently stalled.

This information has been given by the Union Minister for Power and New & Renewable Energy Shri R. K. Singh, in a written reply to a question, in Lok Sabha on December 21, 2023.

 

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PIB DELHI | Alok Mishra / Dheep Joy Mampilly



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