MEIL Wins 2,000 MW Sharavathi Pumped Storage Power Project

Megha Engineering and Infrastructure (MEIL), a Hyderabad-based infrastructure firm, has bagged the 2,000-megawatt Sharavathi pumped storage power project in Karnataka. The project, which is set to be the largest pump storage power generation unit in the country, is estimated to cost over Rs 8,000 crore and aims to help Karnataka address its power crisis.

Project Details

• The Sharavathi pumped storage power project has a planned total power generation capacity of 2,000 MW
• The project will use Talakalale as the upper reservoir and Gerusoppa as the lower dam
• The estimated cost of the project is over Rs 8,000 crore
• The implementation timeline for the project is five years

Significance

• The Sharavathi river is a vital source of hydroelectric power in Karnataka
• The pumped storage power project aims to help Karnataka solve its power crisis by providing a flexible and adaptable solution to fluctuations in electricity demand
• Pumped storage hydel power projects are preferred for their ability to store energy during low demand periods and release it during high demand periods

How Pumped Storage Works?

• During periods of low electricity demand, water is pumped from a lower reservoir to an upper reservoir
• When electricity demand is high, water from the upper reservoir is released to generate electricity
• This process allows for the efficient storage and release of energy to meet fluctuating demand

About Megha Engineering and Infrastructure (MEIL)

Megha Engineering and Infrastructure Limited (MEIL) is a leading Indian infrastructure company headquartered in Hyderabad, Telangana. Founded in 1989, MEIL has a strong presence in various sectors, including irrigation, power, oil and gas, transportation, and mining.

• One of the fastest-growing infrastructure companies in India
• Executed several major projects, such as the Kaleshwaram Lift Irrigation Project and the Polavaram Irrigation Project
• Expanded its operations to other countries, including Nepal, Bangladesh, and Saudi Arabia
• Awarded the prestigious “Best Infrastructure Company” by the Economic Times in 2019
• Actively contributes to social welfare through its CSR initiatives in education, healthcare, and rural development

By harnessing the potential of pumped storage hydropower, the state aims to ensure a more stable and reliable electricity supply for its residents and industries. MEIL’s success in securing this project highlights its growing presence in the infrastructure sector and its ability to take on large-scale, complex projects.

Month: Current Affairs - April, 2024

Category: Economy & Banking Current Affairs