The government of the Indian State of Uttarakhand has signed a Memorandum of Understanding (MoU) valued at INR150bn (US$1.8bn) with the Indian company JSW Neo Energy for the development of two pumped-storage hydropower facilities (1.5 GW), located in the Almora region of Uttarakhand (northern India). The projects are expected to be developed over the next 5 to 6 years.
The proposed project involves the establishment of a lower dam and reservoir, located approximately 8 to 10 km from the Kosi river at Site 1 in the Joskote village of Almora, while the upper reservoir will be situated at Site 2 in Kurchaun village, around 16 km from the Kosi river.
In December 2021, India announced 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 2029-2030. The country has an installed pumped-storage capacity of 4.8 GW (end of 2022). Hydropower accounts for 11% of India's total capacity, with 51.8 GW.
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