Greenko Group, one of India’s Leading energy transition companies, would be investing 10,000 crores to set up a Pumped Storage Project (PSP) near Gandhi Sagar in Neemuch District of Madhya Pradesh, the company said recently.
The project will be set up near Gandhi Sagar in Neemuch district with a daily storage capacity of 11 GWh
The infirm renewable electricity stored in the PSP project during lean demand hours shall be later despatched to help meet the state’s evolving peak power demand thus resulting in considerable cost savings. Besides, the PSP project shall also enable MP state to meet its statutory RPO (Renewable Power Obligation) and the recently notified ESO (Energy Storage Obligation) targets.
Anil Chalamalasetty, CEO & MD, Greenko Group stated “The Group is committed towards transforming renewable energy from intermittent and inflexible energy to firm, dispatchable and on-demand energy controlled through digitization and long duration storage solutions to support the economy-wide shift towards carbon-free energy.
The project is expected to provide employment to over 4,000 people. Greenko currently operates over 500 MW wind and solar capacities across five districts of Madhya Pradesh.
Greenko’s PSP is expected to be commissioned by December 2024 and will be connected to the ISTS Network.
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