3. Policies for Promotion of PSP in India
04
Exemption from Stamp Duty, Registration
Fees, Taxes etc.
Relief in the State Goods and Services Tax (SGST).
03
Grid Stability and VRE
Positive attributes of PSP compared to other available
energy storage systems.
02
Tariff Fixing
Right of first refusal up to 80% of the project capacity,
by state. Developer may sell the balance
01
Project Allocation, No Upfront Premium
Central public sector undertakings ("PSU") or state
PSUs or joint ventures on a nomination basis.
08
Self Identified off-stream Pumped Storage
Projects
Developers may self identify potential off stream sites
07
Financing
Sovereign bonds or concessional climate finance.
Fixing the appropriate tariff
06
Fast-tracks Approval of PSPs, Time period
Time period of 2 years for start of construction.
05
Additional Exemptions
Exempted from free electricity obligation, Environmental
Impact Assessment (EIA) studies and public hearings
4. Economic & Technical Analysis of Storage Systems
Storage Technologies Capital Requirement
and Maturity, for Grid Applications
(Source: IEA 2014)
Storage Technologies Compared
5. SMES: Superconducting magnetic energy storage | CAES: Compressed Air Energy Systems | PHS: Pumped Hydro Systems
Key Characteristics of Energy Storage Technologies
6. Advantages Of Pumped Storage Over Other Energy Storage Systems
Proven, low-risk energy
storage technology
Managing Grid bottlenecks
Supporting Grid Stability by quick
response to changing demand /
sudden outages, increasing Grid
Inertia, provide black start
capability
Balancing Volatile renewable
energy generation with demand
Frequency regulation, Storage
/time shifting, ramping
capability
Peak shaving, reactive power,
voltage control, spinning
reserves
PSP are best suited for Grid Operations
