According to the statement, CEA, under the Ministry of Power, Detailed Project Report (DPRS) has identified a major milestone in the ongoing commitment to develop India's advanced long-term energy storage solutions in a record time during the Ministry of Power, in record time.
These six projects are in Odisha in Upper Indravati (600 MW), Sharavathi (2,000 MW) in Karnataka, Bhiwpuri (1,000 MW) and Bhavali (1,500 MW) in Maharashtra, MP -30 (1,920 MW) in Madhya Pradesh.
This is the result of PSP developers' collaborative efforts and evaluation of organizations (CWC, GSI and CSMRS).
Several steps were taken to resolve issues and track the evaluation process faster.
This is a major achievement since the establishment of a new concept of off-stream, close-loop PSP. According to the statement, the CEA has made the evaluation process transparent through the portal Jalvi store. The CEA plans for a minimum of 13 PSPS of about 22 GW during 2025-26. Most of these PSPs are commissioned in 4 years and are latest by 2030.
The development of these projects will promote energy storage capacity in the country, which will contribute a major contribution to grid credibility and support India's ambitious renewable energy goals.
The ministry said that private sector participation in this section is quite encouraging, and with the help of self-witnessing PSP, its capacity in the country has crossed 200 GW and it is growing almost every month, the ministry said.
Thus, from a small 3.5 GW of operating hydro PSP capacity in the country, development should be taken in a quick mission mode to exploit this capacity, noted.
This year, two PSPs of about 3,000 MW will be commissioned and by 2032, we expect about 50 GW, it was added.
Currently 8 projects of 10 GW are under construction and DPRS is agreed for 3 GW projects.
In addition, 49 projects of 66 GW are subject to survey and investigation. All these DPRs are expected to be finalized by developers in 2 years.
Hydro PSPs are important for energy infections, as they allow the additional power generated during off-picch hours to store as water in high reservoirs.
The use of this stored energy can be refunded during the demand period of non -oren hours, ensuring a reliable, consistent and flexible power supply.
For developers and investors, this is a great investment opportunity to develop and invest in long-term assets of more than 70–80 years.
