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WB to develop 900MW Bandhunala pump storage proj in PPP mode

Press Trust of India  |  Kolkata 

The government has decided to develop the third pump storage power plant at under the public-private partnership (PPP) model and it has already received early interest proposals from investors, a said.

recently announced plans to set up a 1,000 MW pumped storage energy project in which appears to be the third pump storage Bandhunala power project, the said.

Jindal had made the announcement at the recently concluded Bengal Global Business Summit (BGBS) - the state's showpiece industry event.

JSW officials however, remained tight-lipped on the details of the announcement.

"We will be developing Turga pump storage power plant with help of (JICA) loan but Bandhunala project will be executed through a private player," told

The project will, however, take the competitive bidding process route to select a developer.

Bandhunala project is presently at a nascent stage.

For the second pump storage project of 1,000 MW at Turga, the and JICA had executed a Rs 5,000 crore loan agreement. The pumped storage project is estimated at Rs 6,922 crore, JICA had said.

The project entails building four reversible pump-turbine of 250MW each.

The state has been seeking a grant from clean energy cess from the Centre but there has been no sign of progress till now.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, February 10 2019. 16:00 IST