SJVN has signed an MoU with CSPGCL to develop a 1,800 MW pumped storage project in Kotpali, Chhattisgarh, with an estimated investment of ₹9,500 crore, generating 3,967 million units of energy.
SJVN Limited, a state-owned power company, has entered into a Memorandum of Understanding (MoU) with the Government of Chhattisgarh and Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop a 1,800 MW pumped hydro storage project in the state. The project, located in Kotpali, Balrampur district, is estimated to attract an investment of ₹9,500 crore.
Project Overview
The proposed pumped storage project is designed to generate approximately 3,967 million units (MU) of electricity annually. Pumped hydro storage systems function by moving water between two reservoirs at different elevations, storing energy in the form of gravitational potential energy.
During periods of low electricity demand, excess energy is used to pump water to the upper reservoir. When demand is high, the stored water is released to the lower reservoir, generating electricity through turbines. This mechanism provides a reliable method for energy storage and helps balance supply and demand, especially as renewable energy sources like solar and wind become more prevalent.
Economic and Employment Benefits
The development phase of the project is expected to create direct and indirect employment opportunities for approximately 5,000 individuals. This influx of jobs will not only benefit the local economy but also contribute to the overall socio-economic development of the region.
SJVN’s Strategic Vision
This initiative aligns with SJVN’s broader strategy to expand its renewable energy portfolio. The company has set an ambitious target to establish 5,000 MW of pumped hydro storage capacity over the next 7-10 years, requiring an estimated investment of ₹50,000 crore. This goal reflects SJVN’s commitment to enhancing energy security and supporting India’s transition to a sustainable energy future.
Market Response
Following the announcement of the MoU, SJVN’s shares experienced a notable increase, reflecting investor confidence in the company’s strategic direction and its role in advancing renewable energy infrastructure.
SJVN’s planned ₹9,500 crore investment in the 1,800 MW pumped hydro storage project in Chhattisgarh represents a significant advancement in India’s renewable energy sector. By providing large-scale energy storage solutions,
the project will enhance grid stability and support the integration of intermittent renewable energy sources. Additionally, the anticipated economic and employment benefits underscore the project’s potential to contribute positively to regional development.
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