SJVN signed a Memorandum of Understanding (MoU) with the Government of Bihar in Patna for the development of the 1000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in the state of Bihar. Sh. Vijay Kumar Sinha, Hon’ble Deputy Chief Minister of Bihar, Sh. Bijendra Prasad Yadav, Minister of Energy and Planning & Development Department, Sh. Nitish Mishra, Minister of Industries and Tourism, Government of Bihar, and Sh. Raj Kumar Chaudhary, CMD, SJVN, along with other senior officials, were present during the MoU signing.

The MoU was signed by Sh. Mukesh Kumar Sharma, General Manager, BDE, SJVN, and Smt. Bandana Preyashi, IAS (Secretary), Department of Industries, Government of Bihar, Patna. The development of PSPs in the state of Bihar will create direct and indirect employment for 5000 persons and attract an investment of about ₹10,000 crore.

In August 2022, the Ministry of Power, Government of India, appointed SJVN as the nodal agency for developing Pumped Storage Projects (PSPs) in Bihar. Following this, the Secretary (Energy), Government of Bihar, allotted four PSPs to SJVN on August 22, 2022, namely Telharkund PSP (400 MW), Sinafdar PSP (345 MW), Panchgotia PSP (225 MW), and Hathidah Durgawati PSP (1600 MW). After conducting ranking studies of these projects, SJVN prepared a Feasibility Study Report (FSR) for the most viable project, Hathidah Durgawati PSP, with a proposed capacity of 1000 MW.

Proposed on the river Durgawati in District Kaimur, Bihar, the Hathidah Durgawati PSP, with an installed capacity of 1000 MW (4x250 MW), is designed to generate a daily peak energy of 6.325 Million Units (MU) and an annual peak energy of 2308.65 MU. The estimated project cost is ₹5,663 crore, with a levelized tariff of ₹9.39 per kWh (assuming a pumping energy rate of ₹3 per kWh) based on February 2024 price levels.

Currently, SJVN is developing about 12,000 MW of Pumped Storage Projects (PSPs) in various states such as Maharashtra, Karnataka, Mizoram, and Himachal Pradesh.