The CERC has approved a 500 MW shared pumped storage project (PSP) model between Madhya Pradesh and Uttar Pradesh, making it India's first interstate shared project. The model involves seasonal sharing to optimize costs: MP will use the plant during the Rabi season (November–April) and UP during the May–October period, ensuring higher utilization of the storage facility
The CERC has approved a 500 MW shared pumped storage project (PSP) model between Madhya Pradesh and Uttar Pradesh, making it India's first interstate shared project. The model involves seasonal sharing to optimize costs: MP will use the plant during the Rabi season (November–April) and UP during the May–October period, ensuring higher utilization of the storage facility.
Key Aspects of the Shared Model:
Project Structure: -
A 500 MW capacity, likely part of a broader 2,000 MW solar park project initiated by MP, will be shared.
Seasonal Use: -
MP utilizes the plant in the Rabi season (Nov–April); UP utilizes it (May–Oct).
Approval Basis: -
The CERC permitted deviations from standard bidding guidelines for this innovative interstate arrangement.
Objective: -
To reduce power procurement costs for both states by optimizing the use of the storage asset.
Context for the Project:-
This initiative supports India's ambitious 500 GW non-fossil fuel capacity goal by 2030.
The CEA is aggressively pushing for pumped storage projects (PSPs) to balance renewable energy, with massive capacity targeted for completion by 2030.
The specific financial incentives for the participating states?
CERC Approves India’s First Shared Pumped Storage Project Model Between MP, UP
CERC Approves India's First Shared Pumped Storage Project Model Between MP, UP. CERC Approves India's First Shared Pumped Storage Project Model Between MP, UP.
MJF Lion ER YK Sharma
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