India’s Central Electricity Authority (CEA) has given the green signal for the development of two hydroelectric power plants in the western state of Maharashtra.
The 1.5 GW Bhavali PSP is being developed by JSW Energy and the 1 GW Bhivpuri PSP by Tata Power.
The PSPs collectively offer a storage capacity of more than 15 gigawatt hours (GWh), enabling them to meet peak demand during non-sunny hours and support grid stability.
According to the CEA, the project developers have indicated that they will accelerate the commissioning of the PSPs so that they are completed by 2028.
PSPs store energy in the form of gravitational potential energy in reservoir water and are the most established large-scale energy storage technology, accounting for approximately 90% of global installed storage capacity.
The CEA has set a target of having at least two PSPs per month by 2024. In the period 2024-2025, the authority aims to approve 15 hydro PSPs of 25.5 GW. Four PSPs of 5.1 GW have been confirmed so far.
The electricity authority has also set up an online portal to provide information required for PSP projects, supported by the Central Water Commission, Geological Survey of India and Central Soil and Materials Research Station.
Another great PSP project in India is located in Madhya Pradesh, with a targeted capacity of 1.9 GW once completed by Greenko Energies in 2025.
The CEA noted that the approval of such projects, led by private developers, underscores the growing role of the private sector in driving India’s energy transition.
India aims to install 500 GW of capacity and generate 50% cumulative renewable electricity by 2030, but the 2022 target has not yet been met.
In May, Tata Power announced that it had started negotiations to secure a loan of up to $1 billion (Rs 83.57 billion) — the largest local currency loan in India for the fiscal year — to finance its hydropower projects in Maharashtra state.
“India’s Electricity Authority approves 2.5 GW pumped storage hydro projects” was originally created and published by Energy technologya brand of GlobalData.
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