SVJN to develop 1000 MW Pumped Storage Project in Bihar

SVJN has signed an MoU with the Government of Bihar for the development of 1000 MW Hathidah Durgawati Pumped Storage Project (PSP). The project will have an estimated cost of Rs 5,663 crores and an expected levelized tariff of Rs 9.39/kWh. This will significantly boost Bihar’s economy and will create about 5,000 direct and indirect jobs.