Kothagudem: Singareni Company plans to build a pumped storage power plant using the water reservoir from the closed Medipalli open cast mine in the Ramagundam-1 area.
CMD N Balaram announced this during a review meeting on Saturday. The company has completed initial studies and assigned Vyapcos Limited, a public sector undertaking, to prepare a full project report.
Deputy Chief Minister Bhatti Vikramarka Mallu has already inspected the Medipalli site.
The project functions similarly to a hydroelectric plant. A dam, about 2,350 meters long and 23 meters deep, will be built for water storage. This reservoir will hold 9.64 million cubic meters of water, with 8 million cubic meters designated for pumping. The project is expected to cost approximately Rs 3,000 crore.
