India Accelerates Hydro Pumped Storage Projects

The CEA highlighted the encouraging participation of the private sector, which has contributed to the national PSP potential exceeding 200 GW. With only 3.5 GW of operational PSP capacity currently, the government is accelerating development to harness this vast potential. Two PSPs of roughly 3000 MW are set to be commissioned this year, with a projected 50 GW capacity by 2032.