Japanese ODA loan signed for the construction of a pumped storage project in India

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Japan International Cooperation Agency signed a loan agreement with the Government of India in Delhi to provide a Japanese ODA loan of up to 29.442 billion yen (US$269 million) for the Project for the Construction of Turga Pumped Storage (I).

Under the project, a new pumped storage power plant with variable-speed equipment will be constructed in West Bengal State to increase the peak power generation capacity and to strengthen the response capability in order to improve the power supply stability, thereby contributing to industrial development and living standard improvements in West Bengal. 

A pumped storage power plant works as a large storage battery to generate power during peak demand periods and pumps from a lower dam to an upper dam during low-consumption periods such as at night.

Completion of the project is scheduled on May 2027, when pilot operation of all the power generators is complete.

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