Daily News Wrap-Up: Government Fast-tracks Commissioning of Pumped Storage Projects
Revfin raises $5 million from International Development Finance Corporation
June 12, 2023
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In a significant move to accelerate India’s renewable energy capacity, the government has introduced several initiatives to expedite pumped storage projects commissioning. To streamline the concurrence process for hydro pumped storage projects, Central Electricity Authority (CEA) has recently revamped the approval process for detailed project reports of these projects. Several key measures have been implemented to expedite clearances, including establishing a Single Window Clearance Cell by the CEA.