The Ministry of Power has issued draft tariff-based competitive bidding guidelines for procuring stored energy from existing, under construction, or new Pumped Storage Projects. Stakeholders can submit comments and suggestions by September 6, 2024. The procurer may establish the project at a site specified in the bidding documents. If the government or a government entity owns the site, the project must be developed on a Build Own Operate Transfer basis for 25 to 40 years, as specified in the Request for Selection, to ensure equitable use across generations.