Bhubaneswar, Sept. 18 -- The Odisha Government has announced the Pumped Storage Project (PSP) Policy, aimed at accelerating the development of energy storage infrastructure and enabling smoother integration of renewable energy into the state's power grid.
Deputy Chief Minister and Energy Minister Kanak Vardhan Singh Deo described the policy as a crucial step toward grid stability and achieving Net Zero goals.
He highlighted that streamlined execution and faster approvals under the policy will allow Odisha to rapidly scale up PSP capacity.
Under the policy, PSPs in Odisha will enjoy all benefits available under OREP-22, along with additional key exemptions, including,no electricity duty or cross-subsidy surcharge on input energy,no water ...