New and Renewable Energy Development Corporation of Andhra Pradesh Ltd is planning to develop Yadaballi Closed Loop Pumped Storage Project of 1200 MW. The proposed Yadaballi PSP (1200 MW) is envisaged as an Off Stream Closed Loop PSP in Annamayya district, Andhra Pradesh, while both the Upper and the Lower reservoirs are artificial reservoirs. The water will be sourced from Mandavi river, near village Yadaballi, at about 30 km away from nearest town Rayachoty.
The project involves setting up of an underground powerhouse of size 22 m(L) x 24m (W) x 51.4m (H) housing 4 units of 240MW & 2 units of 120MW. The project cost is estimated at ₹ 5,866 crores.
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