States » EastPosted at: Nov 9 2026 11:06PM


Odisha cabinet approves Rs.4,708.64-Crore Upper Indravati Pumped Storage Project in Kalahandi

Bhubaneswar, Nov 9 (UNI) In a major boost to Odisha’s power infrastructure and clean energy ambitions, the State Cabinet has approved the construction of the 600 MW Upper Indravati Pumped Storage Project (PSP) at Ranibahal in Kalahandi district, at an estimated total project cost of Rs.4,708.64 crore.
The project will be implemented by the Odisha Hydro Power Corporation Limited (OHPC), with Megha Engineering & Infrastructures Ltd. (MEIL) selected as the Engineering, Procurement and Construction (EPC) contractor. The company will execute the project at a contract price of Rs.3,372.88 crore, excluding GST.
The decision was taken at a Cabinet meeting chaired by Chief Minister Mohan Charan Majhi on Monday night.
Briefing reporters after the Cabinet meeting, Chief Secretary Anu Garg said the overall project implementation cost of Rs.4,708.64 crore includes GST and other associated expenses, such as consultancy, land acquisition, forest clearances and interest during construction (IDC).
She said the project would be financed through a debt-equity ratio of 80:20. OHPC will contribute 20 per cent of the project cost as equity from its internal reserves in a phased manner.
The remaining 80 per cent will be provided by the Odisha Government as a soft loan, also in phases, in accordance with the project’s funding requirements. The loan will carry an interest rate at par with the Reserve Bank of India's repo rate.
The proposed 600 MW Upper Indravati Pumped Storage Project is expected to generate approximately 1,040 million units (MU) of peak-hour electricity annually, while requiring around 1,283 MU of off-peak electricity for pumping operations.
The project is scheduled for commissioning by the financial year 2030-31.
Once operational, the facility will function as a large-scale energy storage system, utilising surplus electricity during off-peak hours to pump water and storing energy for power generation during periods of peak demand.
Beyond meeting peak-hour electricity requirements, the project is expected to play a crucial role in strengthening the stability and reliability of Odisha's power grid.
It will provide essential grid-support services, including instant frequency response, load variation management, spinning reserves and black-start capabilities.
These features will become increasingly important as Odisha expands its renewable energy capacity, particularly solar and wind power, whose generation can fluctuate depending on weather conditions.
The Upper Indravati Pumped Storage Project is therefore expected to emerge as a strategic energy infrastructure asset, helping Odisha manage rising electricity demand, integrate intermittent renewable energy into the grid and strengthen long-term energy security.
UNI DP
Tags: #Odisha cabinet approves Rs.4#708.64-Crore Upper Indravati Pumped Storage Project in Kalahandi
More News

Bengal: Abhaya’s mother slams CBI over ‘lack of progress’, demands answers on unanswered questions

09 Nov 2026 | 11:13 PM

Krishnagar, Nov 9 (UNI) Expressing sharp dissatisfaction with the CBI investigation into the rape and murder of the RG Kar Medical College doctor, whose death triggered nationwide outrage, her mother, Ratna Debnath, on Monday accused the central agency of failing to pursue crucial leads despite being provided with vital information and evidence.

see more..

Kolkata's air quality deteriorates after Kali Puja & Diwali celebrations; environmentalists, doctors raise alarm

09 Nov 2026 | 11:09 PM

Kolkata, Nov 9 (UNI) Environmentalists and doctors have raised concerns over the serious health implications of deteriorating air quality in Kolkata and its adjoining areas following Kali Puja and Diwali celebrations.

see more..

West Bengal health department issues new treatment guidelines, puts doctors on notice over compliance

09 Nov 2026 | 11:09 PM

Kolkata, Nov 9 (UNI) West Bengal has issued new treatment guidelines for doctors in the state, with Health Minister Dr Sharadwat Mukherjee saying the protocols will form the benchmark for assessing medical treatment and complaints against practitioners.

see more..

Odisha cabinet approves Rs 4,708 64-Crore Upper Indravati Pumped Storage Project in Kalahandi

09 Nov 2026 | 11:06 PM

Bhubaneswar, Nov 9 (UNI) In a major boost to Odisha’s power infrastructure and clean energy ambitions, the State Cabinet has approved the construction of the 600 MW Upper Indravati Pumped Storage Project (PSP) at Ranibahal in Kalahandi district, at an estimated total project cost of Rs.4,708.64 crore.

see more..

NU develops pilot-tested tool to assess teacher's knowledge

09 Nov 2026 | 10:58 PM

Dimapur, Nov 9 (UNI) Nagaland University researchers have developed and tested a 50-item achievement test to measure how well teachers-in-training understand inclusive education.

see more..