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Projects

Megha Engineering and Infrastructure secures 2 GW Sharavathi pumped storage project

May 2, 2024

Megha Engineering and Infrastructure Limited (MEIL) has secured a 2,000 MW pumped storage power project on the Sharavathi river in Karnataka, involving an investment of Rs 80 billion. The Sharavathi river serves as a crucial […]

Hydropower in India

Gaining Momentum: PSP development plans and segment outlook

July 30, 2023

The pumped storage segment has witnessed significant uptake in recent months, with the announcement of massive GW-scale projects by large developers. This growth spurt can be largely attributed to the increasing renewable penetration in the […]

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Projects

West Bengal invites bids for 900 MW pumped storage projects

July 28, 2023

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 […]

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Projects

NLC collaborates with WAPCOS for pumped storage projects

May 31, 2023

NLC India Limited is looking for the consultation services of WAPCOS Limited, a public-sector firm under the Ministry of Jal Shakti and aims to develop pumped hydro storage. A Memorandum of Understanding (MoU) was recently […]

Interviews

Hits and Misses: Expert opinion on the guidelines for promoting PSPs

April 21, 2023

The Ministry of Power (MoP) has finally released the much-anticipated guidelines for pro­moting pumped storage projects (PSPs). This policy is in line with the finance minister’s budget speech in February 2023, which mentioned the creation […]

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Financings

Greenko secures $700 million in equity for pumped storage projects

March 6, 2023

Greenko Energy Holdings announced signing of official contracts for a primary equity raising of $700 million from its current shareholders. It received the funding from its founders, the GIC sovereign wealth fund of Singapore, Abu […]

Trends

Bigger Play: Pumped storage gets the attention it deserves

February 23, 2023

Pumped storage, the oldest and most mature energy storage technology, is finally receiving the necessary att­en­tion from policymakers and the power industry in India. After a long period of sta­gnation, with many projects stuck in […]

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