The Damodar Valley Corporation (DVC) has decided to set up the country's largest pump storage hydel power project.
The pump storage hydel power project of 1,500 MW will see an investment of Rs 52 billion.
The company intends to set up six 250 MW pump storage hydel power plants at Lagu Pahar on Bokaro river, Jharkhand.
DVC had initially conceived the plant as a normal hydel power project but it was shelved as it became unviable.
The company has received initial environment clearance, and it is now preparing to invite bids for detailed project report (DPR) which may cost Rs 40-45 crore.