business ⚡ India's massive power storage plan costs ₹7.36 trillion
India is planning to build 122.77 gigawatts of pumped storage capacity across 87 projects to support its renewables growth. This massive undertaking involves the government and various developers, with current construction standing at 15.87 GW as of August 2026. The estimated cost for this capacity is around ₹7.36 trillion, based on an average cost of ₹6 crore per megawatt. This storage is crucial for managing the variability of solar and wind power to meet the 2030 target. The Central Electricity Authority aims to install 100 GW of PSP capacity by 2035-36.