New and Renewable Energy Department, Government of Madhya Pradesh has allotted 525 MW pumped storage power project (PSP) to NHDC Limited.
The project will be constructed using the existing reservoirs (Indira Sagar and Omkareshwar) of Indira Sagar Project. The PSP project will generate 1,226.93 million units of energy in peak hours. The estimated cost of this project is Rs 42 billion. At present, two power stations of NHDC Limited, Indira Sagar Power Station (1,000 MW) and Omkareshwar Power Station (520 MW) are in operation in Khandwa district of the state. 100 percent power produced from them are supplied to Madhya Pradesh.