Notified10 August 2026
India's 1st Shared 500 MW Pumped Storage Project
The Central Electricity Regulatory Commission (CERC) has cleared India's first shared 500 MW pumped storage project. The project has been approved with key deviations, which may impact its implementation. The project is expected to provide a significant boost to India's renewable energy sector
Who this affects
This development changes the outlook for India's power generators and renewable energy sector, as it provides a new avenue for energy storage and grid stability, potentially reducing tariffs for households and industries