Union Budget 2024 promotes pumped storage for renewable energy
Summary: India's Union Budget 2024-25 announced plans for a policy to promote pumped storage projects, essential for integrating renewable energy. India aims for 500 GW of non-fossil power by 2030, having added 23 GW from 2021-2023. Currently, India has 3.3 GW of pumped storage, while China leads with 44 GW. The Kadamparai plant in Tamil Nadu exemplifies effective energy storage and management.
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