Page 46 - Policy Economic Report - September 2024

POLICY AND ECONOMIC REPORT
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tourism, small-scale business. It would encourage fresh investments into hydro power sector and
incentivize timely completion of new projects.

Government's Commitment to Renewable Energy Gets a Significant Boost: CEA concurred two more
Hydro Pumped Storage Projects (2500 MW)

In a landmark step towards realizing India’s renewable energy goals, Central Electricity Authority (CEA) is
making significant strides in addressing the growing need for large-scale energy storage in the nation’s
power grid.

In line with its commitment to ensuring a sustainable energy future, CEA has achieved another major
milestone by concurring two more Pumped Storage Projects (PSPs) in Maharashtra viz. 1500 MW Bhavali
PSP being developed by JSW Energy Ltd. and 1000 MW Bhivpuri PSP being developed by Tata Power Co.
Ltd.

These PSPs are concurred with the support of the Central Water Commission (CWC), Geological Survey of
India (GSI), and Central Soil and Materials Research Station (CSMRS) and were concurred within 10 days
of completion of the DPRs i.e. the date on which the complete DPRs were submitted on the ONLINE portal
by the developers.

The project developers of these PSPs have indicated that they will fast track the commissioning and
complete them in 44 to 46 months i.e. by 2028. These PSPs will collectively provide a storage capacity of
more than 15 GWh (Gigawatt hours). This large-scale energy storage is crucial for meeting the peak
demand during non-solar hour in addition to inertia to the grid, leading to grid stability. It will help in
faster renewable energy integration, and supporting the transition to a greener energy system.

CEA targets to concur at least two PSPs each month during the current year depending upon the
completion of the DPRs by the developers. During 2024-25, CEA has targeted to concur 15 Hydro PSPs of
25,500 MW capacity, out of this 4 PSPs of 5,100 MW capacity have already been concurred.

Under ease of doing business, CEA has developed an ONLINE portal “Jalvi-store” which will bring more
transparency in processing of the chapters at pre DPR stage of PSPs. Further, some chapters have been
done away with for expeditious concurrence of the DPRs. The check list is also incorporated in guidelines
of PSPs which gives clarity on the information needed for respective chapters. GSI and CWC have made
multiple teams for faster clearances of design chapters of PSPs.

The approval of these projects, spearheaded by private developers, underscores the growing role of the
private sector in driving India’s energy transition. This marks a shift towards a collaborative energy
ecosystem where public and private sectors converge to achieve national goals. This partnership will
accelerate progress towards India’s renewable energy targets. CEA is confident that these projects will
play a pivotal role in enhancing the reliability and sustainability of India’s electricity grid, paving the way
for a robust and resilient energy future.

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