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Draft Guidelines for Pumped Storage Projects Released

Last Update 28 August 2024

The Power Ministry proposed a two-stage bidding process—technical and financial—for acquiring Pumped Storage Project (PSP) capacity. Draft tariff-based competitive bidding guidelines were released for stakeholder feedback by early September 2024. The Ministry aims to address Renewable Energy variability through Energy Storage Systems (ESS), projecting a need for 74 GW of ESS by FY32.

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Renewable EnergyPumped Hydro StoragePolicy and Regulatory UpdateEnergy StorageEinfews

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