SJVN has received a letter of intent (LoI) for a 2.4 GW pumped storage project in Mizoram, worth over Rs 13,947 crore. This marks the company's first project in the state.

The pumped storage project has been proposed across Darzo Nallah, a tributary of Tuipui river.

It is on-stream closed-loop type, and comprises eight units of 300 MW each. The annual input energy required for pumping water to the upper reservoir has been estimated to be 6,331.66 MU with 95 percent plant availability.

The estimated cost of the project is Rs 13,947.50 crore including interest during construction (IDC) and financing costs at April 2023 price level.

A memorandum of understanding (MoU) will be signed within three months between SJVN and the state government of Mizoram, as per the LoI. The project completion period is 72 months.