OHPC planning to set up 600 MW PSP

The Odisha Hydro Power Corporation (OHPC) is planning to set up a 600 MW pumped storage plant (PSP) near the Upper Indravati multi-purpose reservoir at an investment of Rs 30 billion funded by the International Finance Corporation (IFC). OHPC is likely to partner with a private sector firm, which would be selected through a bid process conducted by IFC. The proposed project will use solar power in the daytime to raise water to a height and then release it into a lower reservoir to generate power during peak hours in the evening.