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.
Country updates
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November 01, 2018
Giriraj Renewables wins 150 MW solar project within Pavagada solar park in auction
Giriraj Renewables recently won the 150MW capacity of the auctioned solar energy by Karnataka Renewable Energy Development. The project is located in an area of land within the Pavagada sol...
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October 31, 2018
Azure Power wins 300 MW solar project in India
Azure Power, one of India’s leading independent solar power producers, announced that it has signed a letter of award (LOA) for a 300 MW Interstate Transmission System (ISTS) grid connected sola...
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October 31, 2018
ReNew Power orders 176.8 MW Siemens Gamesa turbines for two wind projects in India
Siemens Gamesa has announced that it has secured two wind orders from ReNew Power for the construction of a 100.8 MW wind farm located in the Kutch district, in the state of Gujarat and a 76 MW wind f...
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October 29, 2018
CPPIB in talks with Goldman Sachs for its ReNew Power's stakes
Canada Pension Plan Investment Board (CPPIB) has expressed its interest to acquire the stakes owned by Goldman Sachs in the Indian renewable energy company, ReNew Power Ltd. Goldman S...
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October 23, 2018
FRV opens 138 MW solar project in India
Fotowatio Renewable Ventures (FRV) has announced the opening of two photovoltaic power plants that are part of the 138 MW (direct current) Andhra Pradesh Solar Farm in India. This...
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