The West Bengal Power Development (WBPD) has issued a request for proposals (RFP) to set up and commission pumped storage projects of 900 MW capacity. As per the tender guidelines, the projects will be divided into four parts, each with a 225 MW capacity and will be situated across Bandu reservoir in Purulia, West Bengal.
According to the tender guidelines, the project will be deployed on the basis of designing, building, financing, operations and transfer model. The successful bidder should pay Rs 250,000 per MW as an upfront fee to get allotment of the project within 30 days from the date of letter of award. While the estimated cost of the project is Rs 47 billion, the capital cost of the project is around Rs 4.5 billion. The bid submission deadline is August 28, 2023.
Recently, in June 2023, New and Renewable Energy Department, Government of Madhya Pradesh had 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.
In June 2023, NHPC Limited and Department of Energy, Government of Maharashtra had signed a memorandum of understanding for the development of pumped storage schemes and other renewable energy source projects in Maharashtra.