Karnataka Invites Bids to Procure 1 GW of Power from Pumped Storage Projects.
The Indian state-owned company Karnataka Power Corporation Limited (KPCL) has invited bids to develop 1 GW of pumped-storage hydropower plant capacity across the Indian state of Karnataka (southern India). The projects are set up on a build-own-operate basis and will be connected to the intra-state transmission system. The minimum bid capacity is set a 100 MW (maximum bid capacity is set at the full 1 GW). Bids can be submitted until 12 March 2023.
Successful bidders will enter into a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) for a period of 40 years. Bidders will be responsible for pumping and discharging of electricity capable of 8-hour/day long-duration discharge from the pumped-storage plant(s).
India plans to add 79 hydropower projects with a total capacity of 30 GW, including 11 pumped-storage projects totalling 8.7 GW, during the period 2019-2020 to 2029-30. The country has an installed pumped storage capacity of 4.8 GW (end of 2021). Hydropower accounts for 12% of India’s total capacity, with 51.4 GW.
