Uttarakhand government signs MoU with JSW Neo for construction of two PSPs in Alora

The Uttarakhand government has entered into a memorandum of understanding (MoU) valued at Rs 150 billion with JSW Neo Energy Limited to establish two pumped storage projects (PSPs) in Almora, each with a capacity of 1,500 MW.

The proposed scheme entails the creation of a lower dam/reservoir at a distance of 8-10 km from the Kosi river at Site 1 in Joskote village, Almora, and an upper reservoir at Site 2 in Kurchaun village, Almora, situated approximately 16 km away from the Kosi river. The project will be developed over the course of the next 5-6 years.