THDCIL to invest Rs 8,800 cr in pumped storage projects in Raj: CMD Vishnoi

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THDCIL to invest Rs 8,800 cr in pumped storage projects in Raj: CMD Vishnoi - Business Standard

Quick Summary:

The Memorandum of understanding (MoU) aims for the development of two pumped storage projects (PSPs) of 800 MW each at Bisanpura in Bundi and another at Rampura Tonk, THDC India Ltd (THDCIL) said in a statement.

This strategic approach ensures a reliable supply while minimizing environmental impact, allowing both projects to contribute significantly to sustainable energy solutions through efficient energy storage, thereby enhancing grid stability," he said.

State-owned THDCIL has signed an agreement with the Rajasthan government to set up 1,600 MW of pumped storage projects at an investment of Rs 8,800 crore.