Pumped storage projects totaling 20 GW capacities at multiple sites across the country are being worked on by the NTPC Group, as stated by a senior company official.
The company plans to commission 3-5 GW of such projects by 2031-32 fiscal, "...NTPC Group is working on pipeline of pumped storage projects to the tune of 20 GW in NTPC and its hydro subsidiaries," the official said.
THDC India, a subsidiary of NTPC, has developed a 1,000 MW (250 MW X 4 units) pumped storage project at Tehri in Uttarakhand. The initial unit commenced commercial electricity supply earlier this month. "We will see our first 1,000 MW PSP commissioned through Tehri PSP in FY26, with 3-5 GW more by FY32," he said. PSP assets provide more than 40 years of operational lifespan and regulated returns. As essential infrastructure for India's transition to renewable energy, they contribute long-term stability to our energy portfolio, thereby ensuring sustainable growth while promoting energy security and climate objectives, according to the official.
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Further, he said, "We have completed preliminary feasibility reports for 18 projects, and detailed project reports for four projects are in an advanced stage, thus moving towards increased energy storage solutions in our portfolio." India's largest integrated power utility, NTPC Ltd, is recognized for contributing one-fourth of India's power requirements, with diverse sources including thermal, solar, and wind.
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