SJVN has inked Memorandum of Understanding (MoU) with Govt of Bihar for development of 1,000 MW Hathidah Durgawati pumped storage project and other PSPs in Bihar.

The PSPs development in the state of Bihar will create direct and indirect employment for 5000 persons and investment of about Rs 10,000 crore.

The proposed river in Durgawati district, Kaimur, Bihar, the Hathidah Durgawati PSP, with an installed capacity of 1,000 MW (4x250 MW), is designed to generate a daily peak energy of 6.325 million units (MU) and an annual peak energy of 2,308.65 MU, it added.

The estimated project cost is Rs 5,663 crore, with a levelized tariff of Rs 9.39 per kWh (assuming a pumping energy rate of Rs 3 per kWh) based on February 2024 price levels.

Earlier in August 2022, the Ministry of Power, Government of India, appointed SJVN as the nodal agency for developing pumped storage projects (PSPs) in Bihar.