SJVN Limited, a leading Mini Ratna, Category-I, has announced its ambitious plans to develop pumped hydro storage projects with a total capacity of 5 GW over the next 7-10 years. The Chairman and Managing Director (CMD) of SJVN, Nand Lal Sharma, revealed the company’s vision for Pumped Storage Projects (PSPs) and highlighted their target of achieving 5,000 MW capacity within the specified timeframe. These projects are estimated to require an investment of approximately Rs 50,000 crore.
The development of these pumped hydro storage projects is crucial for addressing the intermittent nature of renewable energy sources in India. The country aims to establish 18 GW of PSP projects by 2032.
SJVN has been entrusted with 10 pumped hydro storage projects, totaling 12,790 MW capacity, across various states by the Central government. While six projects are planned in Maharashtra, the remaining projects are set to be located in Himachal Pradesh and Mizoram. Sharma noted that feasibility studies are being conducted for all locations, and construction will proceed in areas deemed viable. However, due to wildlife sanctuary constraints, only one out of the six allocated projects in Maharashtra is expected to be feasible.
SJVN’s commitment to pumped hydro storage projects reflects its dedication to sustainable energy solutions and bolstering India’s renewable energy infrastructure.
