Damodar Valley Corporation to set up India’s largest pump storage hydel power project

Damodar Valley Corporation (DVC) has announced setting up of India’s largest pump storage hydel power project of 1,500 MW at an estimated cost of Rs 52 billion.

Speaking at the Confederation of Indian Industry (CII) organised ‘Energy Conclave 2018, DVC chairman P K Mukhopadhayay said, “We are preparing to build six 250MW pump storage hydel power plants (1,500MW) at Lagu Pahar on Bokaro River which will be the largest in the country and possibly even in Asia.”

Accrding to him, the initial report was encouraging to pursue the Rs 52 billion project as it will primarily act as storage facility for the huge grid connected solar capacities which are coming up without any storage facility.

“We will act as storage facilitator for them against a user fee,” he added. Originally, DVC had conceived it as a normal hydel power project but shelved it as it became unviable. “Standalone hydel power plant is not viable unless we serve the solar power sector,” he said.

Image Credit : static-news.moneycontrol.com

Research Desk

Next Post

Wonder Cement makes Rs 450 crore investment in Maharashtra clinker grinding unit

Tue Aug 21 , 2018
Marking its foray into Maharashtra, Wonder Cement has invested nearly Rs 450 crore to set up a two-million tonne per annum clinker grinding unit in Dhule.. A part the of Rajasthan-headquartered RK Group, Wonder Cement has made this investment in addition to the earlier announced plan to invest Rs 2,500 […]


Blog Stats