Greenko Group will invest Rs 100 billion to set up a pumped storage project (PSP) near Gandhi Sagar in Madhya Pradesh’s Neemuch district.
The PSP will have a daily storage capacity of 11 GWh. The project is expected to be commissioned by December 2024 and will be connected to the inter-state transmission system network. The infirm renewable electricity stored in the PSP project during lean demand hours will be later despatched to help meet the state’s evolving peak power demand, thus resulting in considerable cost savings. Additionally, the PSP project will enable Madhya Pradesh to meet its statutory renewable power obligation and energy storage obligation targets. Greenko currently operates wind and solar of over 500 MW capacities, across five districts of Madhya Pradesh.