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 10^thApril, 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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