India Approves Two Major Hydro Pumped Storage Plants
India Approves Two Major Hydro Pumped Storage Plants
India Approves Two Major Hydro Pumped Storage Plants
News summary

The Central Electricity Authority (CEA) of India has approved detailed project reports for two significant hydro pumped storage plants, the 600 MW Upper Indravati in Odisha and the 2,000 MW Sharavathy in Karnataka, in a move to enhance energy security. This swift approval is part of the government's initiative to streamline processes in line with its ease of doing business drive, which includes revised guidelines for the preparation and concurrence of detailed project reports (DPRs). The CEA is currently processing around 60 GW of proposals for hydro pumped storage projects, with several developers at different stages of DPR preparation. Key changes in the guidelines include a shortened checklist of required documents, allowing online submission of initial chapters, and eliminating the mandatory approval for cost and financial chapters. This is expected to significantly reduce the approval timeline by up to five months. The government aims to boost the installed capacity of energy storage systems to 74 GW by 2031-32 to meet future energy demands.

Story Coverage
Bias Distribution
100% Right
Information Sources
045e1b4c-3084-4df3-accf-c023e46a780b
Right 100%
Coverage Details
Total News Sources
1
Left
0
Center
0
Right
1
Unrated
0
Last Updated
45 days ago
Bias Distribution
100% Right
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News