iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

SJVN Signs MoU with Bihar to Develop 1,000 MW Hathidah Durgawati PSP

31 Dec 2024 , 11:35 PM

State-run power major SJVN Ltd said it signed an agreement on December 31 with the Bihar government for developing the 1,000 MW Hathidah Durgawati PSP. The pump storage project reportedly will cost around ₹5,663 crore.

The cost for the power generation from this proposed project is anticipated to be around ₹9.39 per kilowatt-hours, considering a February 2024 rate while the pumping energy cost will amount to ₹3 per kilowatt-hours.

Hathidah Durgawati PSP is likely to generate employment for around 5,000 people directly and indirectly and attract investment of around ₹10,000 crore.

It is located in Patna, where most of the senior leaders from the state are attending, including Bihar’s Deputy Chief Minister Vijay Kumar Sinha and Energy Minister Bijendra Prasad Yadav.

This project is established on Durgawati River in the Kaimur District of Bihar, which has four units, and all the four have 250 MW capacity, hence generating 6.325 million units daily and 2308.65 million units per annum.

The Ministry of Power had designated SJVN as the lead agency for PSPs in Bihar in August 2022. Of the four projects, Hathidah Durgawati PSP is one such project. SJVN is currently executing over 12,000 MW of PSP projects in other states also, including Maharashtra, Karnataka, Mizoram, and Himachal Pradesh.

Related Tags

  • MOU
  • Pumped Storage Project
  • SJVN
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Vedanta Parent Eye $1B Debt Refinancing
3 Jan 2025|12:45 PM
Greenback Strengthens on Positive Outlook
3 Jan 2025|10:02 AM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2024, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.