Japanese bank to fund West Bengal’s 1000 MW pumped storage project

West Bengal’s power distribution company has executed a loan agreement with Japan International Cooperation Agency to fund INR 5,000 crore for its proposed 1000 mw Turga pumped storage power project. The total project cost has been estimated at INR 6922 crore.

The pumped storage power project will come up in the state’s Purulia district at Ayodhya hills. Four reversible pump-turbine units of 250 mw each would be set up which has already been approved by the state cabinet.

Earlier the state was looking at the possibility of setting up 1,200 mw of solar power units that could be used to power the 1000 mw pumped storage power plant.

However, setting up solar generation facility is likely to cost another INR 5000 crore. The centre was earlier looking at financing part of the project with centre’s assistance.

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