MoU signed between Jindal Renewable Power and Chhattisgarh Government
Team News Riveting
Raipur, September 13
Jindal Renewable Power Pvt Ltd (JRPPL), an arm of the diversified Jindal Steel and Power (JSP), will set up pumped storage projects in Raigarh and Bilaspur with an investment of Rs 11,730 crore.
The company signed an MoU with the State Government of Chhattisgarh for generation of 2160 MW power through Pumped Storage Projects in Raigarh and Bilaspur with an investment of Rs 11,730 crore. The MoU was signed on behalf of the State Government by Bhuvanesh Yadav, Secretary Commerce and Industries and Pradeep Tandon as authorised signatory on behalf of JRPPL.
Tandon informed that Pumped storage hydropower (PSH) is a type of hydroelectric energy storage. It is a configuration of two water reservoirs at different elevations that can generate power as water moves down from one to the other (discharge), passing through a turbine. The system also requires power which can be provided through solar cells as it pumps water back into the upper reservoir (recharge). PSH acts similar to a giant battery, because it can store power and then release it when needed.
Pumped storage power plants are used to balance the frequency, voltage and power demands within the electrical grid; they are often utilized to add additional megawatt capacity to the grid during periods of high power demand. For this reason, pumped storage plants are referred to as ‘peaking’ plants.PSH can be characterized as open-loop or closed-loop. Open-loop PSH has an ongoing hydrologic connection to a natural body of water. Closed-loop PSH, reservoirs are not connected to an outside body of water.
The MoU has been signed for closed loop PSH, Tandon said, adding that that during the day, power is
in demand and electricity prices are high. At night, power is not in demand and electricity prices
are low. Pumped storage power plants purchase power at night to pump water up to the upper
reservoir, they then generate power and sell it back to the grid during the day, when the demand –
and price – is high.
Setting up of these plants in the region will help in gain full employment of local people.
