PSP

PFC Consulting incorporates SPV for under-bidding Satara interstate scheme

Bid process coordinator PFC Consulting Ltd (PFCCL) has newly incorporated a wholly-owned subsidiary for development of the Satara interstate-TBCB scheme, currently under bidding. In a stock exchange filing by Power Finance Corporation Ltd (PFC), the holding Read more

A roadmap to strategic fixes for BESS supply and PSP builds

India’s renewable energy push to achieve 500 GW of non-fossil capacity by 2030 is entering a decisive execution phase. As renewable penetration accelerates, grid stability has emerged as the binding constraint, rather than generation capacity. Energy Storage Systems Read more

Larsen & Toubro wins major pumped storage contract in Maharashtra

Larsen & Toubro has won an order to build what is believed to be India’s biggest pumped storage project, coming up in Maharashtra. In a release, L&T said that its Heavy Civil Infrastructure business vertical has secured an order Read more

Power minister chairs consultative committee meeting on pumped storage projects

The Ministry of Power, on November 17, 2025, convened a meeting of the Consultative Committee of the Members of Parliament, focusing on pumped storage projects (PSP). Held at Pinnapuram, Kurnool district, Andhra Pradesh, the meeting was chaired by Manohar Read more

Building Nimble Smart Grids: The Rising Role of Energy Storage and Batteries

India is on the verge of a radical transformation in energy storage as it embraces a new paradigm of energy storage use. Though role batteries will play a big role in developing a clean, decarbonised grid, considerable challenges Read more

ANDRITZ to build 1500-MW pumped storage project for Adani Green Energy

International technology group ANDRITZ has received an order from Adani Green Energy Ltd (AGEL) to equip the new Tarali pumped storage plant in the Satara district of Maharashtra. In a release, ANDRITZ said that it will supply pump turbines, Read more

ISTS waiver for energy storage projects extended till June 2028

The Union power ministry has extended the waiver of ISTS charges for energy storage projects, to June 30, 2028. This was announced by Manohar Lal, Union power minister, on June 10, 2025, during a press conference highlighting 11 years Read more

Coal India signs MoU with AM Green for India’s largest RE supply contract

In what is potentially India’s largest renewable energy contract, Coal India Ltd (CIL) has signed an MoU with AM Green for the supply of 4,500 MW of carbon-free energy. Under the formal but non-binding MoU signed between CIL and Read more

Bidding starts for Sonbhadra pumped storage evacuation scheme

Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has begun the bidder selection process for an interstate transmission system (ISTS) scheme involving evacuation of power from upcoming pumped storage projects in Uttar Pradesh. Termed Read more

Three developers in the fray for PSP evacuation scheme in Maharashtra

Three leading developers are in the fray for development of a transmission scheme catering to pumped storage projects in Maharashtra. It is reliably learnt that bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has Read more