SJVN Ltd signs MoU with Government of Bihar to develop 1000 MW Storage Project

State-owned SJVN signed a Memorandum of Understanding (MoU) with Govt of Bihar in Patna to develop the 1000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in Bihar. Sh. Vijay Kumar Sinha, Hon'ble Deputy Chief Minister of Bihar, Sh. Bijendra Prasad Yadav, Minister of Energy and Planning & Development Department, Sh. Nitish Mishra, Minister of Industries and Tourism, Government of Bihar and Sh. Raj Kumar Chaudhary, CMD, SJVN, and other senior officials were present during the MoU signing.

The MoU was signed by Sh. Mukesh Kumar Sharma, General Manager, BDE, SJVN and Smt. Bandana Preyashi, IAS (Secretary), Department of Industries, Govt. of Bihar, Patna. The PSPs development in the state of Bihar will create direct and indirect employment for 5000 persons and an investment of about Rs 10,000 crore.
 

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In August 2022, the Ministry of Power, Government of India, appointed SJVN as the nodal agency for developing Pumped Storage Projects (PSPs) in Bihar. Following this, the Secretary (Energy), of the Government of Bihar, allotted four PSPs to SJVN on August 22, 2022, named Telharkund PSP (400 MW), Sinafdar PSP (345 MW), Panchgotia PSP (225 MW) and Hathidah Durgawati PSP. (1600 MW).

After conducting ranking studies of these projects, SJVN prepared a Feasibility Study Report (FSR) for the most viable project, Hathidah Durgawati PSP, with a proposed capacity of 1000 MW.
 

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Proposed on river Durgawati in Distt. Kaimur, Bihar, the Hathidah Durgawati PSP, with an installed capacity of 1000 MW (4x250 MW), is designed to generate a daily peak energy of 6.325 Million Units (MU) and an annual peak energy of 2308.65 MU. 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.

Currently, SJVN is developing about 12000 MW of PSPs in various states such as Maharashtra, Karnataka, Mizoram and Himachal Pradesh.

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