State-owned THDC India Ltd (THDCIL) has signed an agreement with the Rajasthan government to develop two 800 MW pumped storage projects (PSPs) in Bundi and Tonk, with a total capacity of 1,600 MW. The projects, requiring an investment of Rs 88 billion, aim to bolster energy storage solutions and grid stability.
The Bisanpura PSP will source water from the Gudha Dam, while the Rampura PSP will utilize water from the Bisalpur reservoir. THDCIL, which started as a single hydro project company in 1988, now has a portfolio of nine projects across hydro, thermal, wind, and solar sectors, with a total capacity of 4,351 MW.