The Expert Appraisal Committee (EAC) for River Valley & Hydroelectric Projects has reclassified two proposed pumped storage projects (PSPs), the 2000 MW Nayagaon PSP by Greenko and the 1800 MW Panari PSP by Panari Energy Private Limited, from “closed-loop” to “open-loop” projects. According to the EAC minutes, a closed-loop PSP is an off-stream system in…
NTPC Limited reported higher standalone profit for the fourth quarter and full financial year ended March 31, 2026, while outlining an aggressive expansion strategy across battery energy storage systems (BESS), pumped storage projects (PSPs), and renewable energy capacity. For Q4 FY26, standalone net profit rose 51.4% year-on-year (YoY) to Rs 8,747.27 crore from Rs 5,778.14…
The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has granted or recommended Terms of Reference (ToR) for four hydroelectric and pumped storage projects across Maharashtra, Bihar, and Arunachal Pradesh during its 53rd meeting held virtually on April 29–30, 2026. The projects together represent more than 5,100 MW of planned capacity. The proposals…
The Expert Appraisal Committee for River Valley and Hydroelectric Projects (EAC), under the Ministry of Environment, Forest and Climate Change (MoEFCC), has recommended the grant of Terms of Reference (ToR) for five power projects with a combined capacity of 3,810 MW. The decisions were taken at the committee’s 51st meeting. Seshachalam PSP, Andhra Pradesh –…
The Indian Electrical and Electronics Manufacturers’ Association (IEEMA) inaugurated the first Telangana Power Conclave in Hyderabad on January 22, 2026. The event focused on Telangana’s energy roadmap, its push to emerge as India’s pumped storage project (PSP) hub, and the integration of renewable energy with grid modernisation and electric mobility. The Telangana Power Conclave marked…
REC Limited has signed a memorandum of understanding (MoU) with the Energy Management Centre (EMC), Government of Kerala, to finance pumped storage projects (PSPs) in the state over the next five years. The investment, estimated at Rs 183.6 billion, aims to enhance grid stability and facilitate the integration of renewable energy. The PSPs will play…
Greenko Energies Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Assam to develop a 900 MW pumped storage project (PSP) in Karbi Anglong district. The project will require an estimated investment of Rs 58.5 billion. Separately, Greenko signed an MoU with the Madhya Pradesh government to develop multiple new PSPs…
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects. Equity for these projects has already been secured. The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.