entral Electricity Authority (CEA) has accorded permission for the 1,350 MW Upper Sileru Pumped Storage Project (PSP) in a record time of 70 days against the stipulated 90 days.
The PSP will be constructed using the existing Guntawada and Donkarayi reservoirs of the Sileru project. At least 3,501.89 million units of energy will be generated during peak hours from this PSP in a year, which will be built at an estimated cost of 11,154.39 crore.
The permission for the Upper Sileru PSP (9×150 MW) came at a meeting CEA chairman Ghanshyam Prasad held in New Delhi. APGENCO managing director K.V.N. Chakradhar Babu spoke on the necessity to establish the pumped storage project and proposed other PSPs.
Chakradhar Babu said the Government of India has revamped the approval process for pumped storage projects (PSPs) in the country. He explained that the AP GENCO is also in the process of signing an MOU with NHPC Ltd. to form a joint venture for setting up 1,950 MW of PSPs (Yaganti 1,000MW and Kamalapadu 950 MW) in the state.