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February 12,2025

Competitive Bidding for PSPs & ESS has been issued by Ministry of Power

The Ministry of Power has issued new guidelines for tariff-based bidding for Pumped Storage Hydro Plant. The initiative aligns with the National Electricity Plan 2023, which estimates a requirement of 74 GW/411 GWh of energy storage by 2031-32, including 27 GW/175 GWh from PSPs.

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