SJVN bags 2400 MW pumped storage project from Govt of Mizoram

New Delhi: SJVN Limited on Thursday announced it has received a Letter of Intent (LoI) from the Government of Mizoram for the allotment of the Darzo Lui Pumped Storage Project to the company through the Memorandum of Understanding (MoU) route on a nomination basis.

With an installed capacity of 2400 MW, the Darzo Lui Pumped Storage Project has been proposed across the Darzo Nallah, a tributary of the Tuipui River. The estimated cost of the project upon completion is Rs 13,947.50 crores, including Interest During Construction (IDC) and financing costs at the April 2023 price level. This marks SJVN's first project in the state of Mizoram.

The Darzo Lui Pumped Storage Project is an On-stream Closed Loop Type pumped storage project. It envisages the utilization of the available gross head of upper and lower reservoirs of 770 meters. The upper reservoir is proposed on a minor stream of Hnahchanglui Nallah in the Koladyne Tuipui River near the village of South Vanlaiphai in the Hnahthial district. The lower reservoir is proposed in Darzo Nallah, around 5.5 km upstream of the confluence with the Tuipui River near Vertek village.

In addition to providing much-needed energy storage capacity, the project is expected to play a significant role in balancing grid stability and enhancing the integration of renewable energy sources. Pumped storage projects like this one are crucial for meeting peak power demands and ensuring a reliable power supply.

As per the LoI, an agreement shall be signed within three months between SJVN and the Government of Mizoram. This project aligns with SJVN's strategic vision of developing energy projects that contribute to India's renewable energy targets and sustainable development goals.

SJVN Limited, a Mini Ratna company, is a joint venture between the Government of India and the Government of Himachal Pradesh. With a diverse portfolio of hydro, thermal, wind, and solar power projects, SJVN is committed to expanding its footprint across various Indian states and abroad.