SJVN bags 2.4-GW pumped storage project in Mizoram, India

This has an estimated cost of $1.68b.

SJVN has received a letter of intent for allotment of the 2,400-megawatt (MW) Darzo Lui Pumped Storage Project from the Government of Mizoram.

In a bourse filing, SJVN said the storage facility, which will be the first project of the company in Mizoram, will be located across Darzo Nallah, a tributary of Tuipui river. It will be an on-stream closed loop type pumped storage project, comprising eight units of 300 MW each, with estimated cost upon completion of $1.68b (INR13,947.50 crores).

“The annual energy generation with 95% plant availability shall be 4,993.20 MU [million units]. The annual input energy required for pumping water to upper reservoir has been estimated to be 6,331.66 MU with 95% plant availability,” the company explained. 

SJVN said the agreement will be signed within three months. The company eyes to complete the project within 72 months.

$1 = INR82.75