Rs 10,000 crore investment planned by Greenko Group
Renewable energy company Greenko Group has plans to invest Rs 10,000 crore to set up a pumped storage project near Gandhi Sagar in Madhya Pradesh’s Neemuch district. The proposed project would have a daily storage capacity of 11 GWh.
Infirm renewable electricity stored in the pumped storage project during lean demand hours shall be later despatched to help meet the state’s evolving peak power demand thus resulting in considerable cost savings. The project would enable the state to meet its statutory RPO (Renewable Power Obligation) and the recently notified ESO (Energy Storage Obligation) targets.
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