India’s Central Electricity Authority has given the go-ahead for the development of two hydroelectric power plants in the western state of Maharashtra.
A 1.5 GW solar power plant is being developed at Bhavali by JSW Energy and a 1 GW solar power plant at Bhivpuri by Tata Power.
The combined power plants will provide storage capacity of over 15 gigawatt hours (GWh), meeting peak demand during non-solar hours and supporting grid stability.
According to the Atomic Energy Authority, the project developers have indicated that they will accelerate the operation of the private power plants to complete them by 2028.
Solar power plants store energy in the form of gravitational potential energy in reservoir water and are the most widely used energy storage technology, accounting for nearly 90% of the world’s total stored energy. It has been installed. Storage capacity.
The Hydropower Authority has targeted to implement at least two private power projects per month throughout 2024. During the period 2024-2025, the Authority aims to approve 15 hydropower projects with a capacity of 25.5 gigawatts. Four private power projects with a capacity of 5.1 gigawatts have been confirmed so far.
The Electricity Authority has also established an electronic portal to provide information required for public-private partnership projects, with the support of the Central Water Commission, the Geological Survey of India, and the Central Soil and Materials Research Station.
Another major PSP project The hydropower project in India is located in the state of Madhya Pradesh, with an intended capacity of 1.9 GW once completed in 2025 by Greenko Energies.
The Central Energy Authority noted that the approval of such projects, led by private sector developers, underscores the growing role of the private sector in driving India’s energy transformation.
India aims to install 500 gigawatts of power and achieve 50% cumulative renewable electricity by 2030 after missing its 2022 target.
In May, Tata Power It was announced It has entered into negotiations for a loan of up to $1 billion (Rs 83.57 billion) – India’s largest local currency loan for a fiscal year – to finance its hydropower projects in Maharashtra.
“Indian Electricity Authority approves 2.5 GW of hydropower storage projects” Originally created and published by Energy Technologya trademark owned by GlobalData.
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