Narmada Hydroelectric Development Corp. Ltd. (NHDC Ltd) is going to construct a 525 MW pumped storage project near Indira Sagar Dam in the Khandwa district of Madhya Pradesh. It will build the project with the existing Indira Sagar and Omkareshwar reservoirs of the Indira Sagar Project.
The project is estimated to cost INR 4,200 crore ($509.21 million). It is expected to supply 1,226.93 million units of energy during peak hours, helping Madhya Pradesh to meet its energy demand during peak energy hours (morning and evening).
The project was allotted to NHDC by the Department of New & Renewable Energy, Government of Madhya Pradesh.
Madhya Pradesh has the potential for 11.2 GW of pumped storage projects. Currently, NHDC has two operating power stations in the Khandwa district, Indira Sagar Power Station (1 GW) and Omkareshwar Power Station (520 MW). All of the power produced by these power stations is supplied to the state of Madhya Pradesh. In addition, the construction of an 8 MW solar project in Sanchi and an 88 MW floating solar project on the Omkareshwar Reservoir is in progress.
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