Record Approval for Karnataka’s 2,000 MW Hydro Project

On 2nd August, 2024, the Union Ministry of Power announced that the Central Electricity Authority (CEA) has swiftly approved the detailed project report for the 2,000 MW Sharavathy hydro pumped storage plant in Karnataka.

This approval is part of the government's drive to ease business processes and expedite the concurrence process for hydro pumped storage projects (PSPs).
The CEA has revised guidelines to simplify the preparation and approval of detailed project reports for pumped storage projects.
The Sharavathy project, developed by KPCL, a Karnataka Government unit, is aimed at enhancing energy storage and security in the country.
Pumped-storage projects use excess electricity to pump water to a higher reservoir, and release it to generate power during peak demand.
The government prioritizes energy storage systems to bolster the nation's energy security.
The Sharavathy project is one of several initiatives to increase the capacity and efficiency of India’s energy storage infrastructure.