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ARTICLE · 07 JUNE 2023

Guidelines To Promote The Development Of Pump Storage Projects

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The Ministry of Power ("MoP"), on February 15, 2023, released the draft guidelines to promote the development of Pump Storage Projects ("PSP") in the country to provide for a separate framework...

IndiaEnergy and Natural Resources
Rachika Agrawal Sahay
Rachika Agrawal Sahay
Sakshi Sharma
Sakshi Sharma
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The Ministry of Power ("MoP"), on February 15, 2023, released the draft guidelines to promote the development of Pump Storage Projects ("PSP") in the country to provide for a separate framework to govern and promote the development of PSPs with active involvement and support of the respective State Governments ("Draft Guidelines"). In furtherance of the Draft Guidelines and the comments received from various stakeholders, including the State Governments, the MoP issued the Guidelines to promote the development of Pump Storage Projects on April 10, 2023 ("Guidelines"). The key aspects of the Guidelines are as follows:

Allotment of project sites: The Guidelines have empowered the State Governments to allot project sites for PSPs through any of the following methods:

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