India Aims to Add 18 GW of Hydropower by 2032

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Researched by Industrial Info Resources (Sugar Land, Texas)--New draft guidelines from India's Union Ministry of Power (New Delhi) call for 18 gigawatts (GW) of pumped-storage hydropower (PHP) generation to meet peak power demand by 2032. India's pubic-sector utilities, like NHPC Limited (Faridabad), SJVN (Shimla), THDC India Limited (Rishikesh) and NTPC Limited (New Delhi), are slated to develop these projects.

India has a total pumped-storage potential of 103 GW, according to government studies. The National Electricity Plan (NEP) published by India's Central Electricity Authority says 18 GW of pumped-storage projects are required to integrate the planned renewable energy capacity until 2032. Pumped-storage projects provide the necessary scale of storage at a lower cost, with domestically available technology and no reliance on international supply chains.

Recently, Rewa Ultra Mega Solar (RUMSL), a joint venture between Madhya Pradesh Urja Vikas Nigam (MPUVN) and Solar Energy Corporation of India (SECI), initiated a request for proposal (RFP) to select a developer for pumped-storage projects totaling 13.8 GW. These projects would be distributed across various sites in the state of Madhya Pradesh, varying from 600 MW to 2 GW.

Industrial Info is tracking 101 pumped-storage hydropower projects across India, worth more than US$91.35 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a list of detailed project reports, and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).