New and Renewable Energy Department, Government of Madhya Pradesh has allotted 525 MW pumped storage power project (PSP) to NHDC Limited. The project will be constructed using the existing reservoirs (Indira Sagar and Omkareshwar) of Indira Sagar Project. The PSP project will generate 1,226.93 million units of energy in peak hours. The estimated cost of this project is Rs 42 billion. At present, two power stations of NHDC Limited, Indira Sagar Power Station (1,000 MW) and Omkareshwar Power Station (520 MW) are in operation in Khandwa district of the state. 100 percent power produced from them are supplied to Madhya Pradesh.
In September 2022, Tata Power Solar Systems Limited (TPSSL) won a letter of award worth Rs 5.96 billion from NHDC Limited for the establishment of a 125 MWp floating solar project. NHDC also invited bids for this project at the Omkareshwar reservoir in Madhya Pradesh’s Khandwa district earlier in 2022.
