THDCIL to Funnel Rs 8,800 cr in Pumped Storage Projects in Rajasthan

THDCIL, a state-owned organization, has partnered with the Rajasthan government to develop 1,600 MW pumped storage projects at a cost of Rs 8,800 crore. THDC India Ltd (THDCIL) announced that the agreement is centered on building two 800 MW pumped storage projects (PSPs) at Bisanpura in Bundi and Rampura Tonk for development.

A total investment of Rs 8,800 crore will be needed to achieve a capacity of 1,600 MW for PSPs, The CMD of THDCIL, R K Vishnoi mentioned.

He stated, "The Bisanpura PSP will source water from the Gudha Dam, while the Rampura PSP will utilize water from the existing Bisalpur reservoir. This strategic approach ensures a reliable supply while minimizing environmental impact, allowing both projects to contribute significantly to sustainable energy solutions through efficient energy storage, thereby enhancing grid stability."

THDCIL Director (Technical) Bhupender Gupta and Ajitabh Sharma, Principal Secretary, Industries & Commerce, Government of Rajasthan, signed the Memorandum of Understanding (MoU) in the national capital, with Rajasthan Chief Minister Bhajan Lal Sharma present. The company reported that the CM fully supported and worked together to ensure the successful completion and timely completion of the projects.

THDC India Limited, a prominent profit-making public sector enterprise in the power sector, was titled Mini Ratna Category-I status by the Indian Government. Since being founded in 1988 as a hydro project company, THDCIL in Rishikesh has stretched its portfolio to contain nine projects (hydro, thermal, wind, and solar) with a whole capacity of 4,351 MW. There are currently 1,587 operational projects and 2,764 megawatts of projects under construction.