Cerulean Energy Solutions to set up hydel power project

The project worth Rs 1,347.63 crore will generate 800 direct employment

Cerulean Energy Solutions is planning to develop Shanti Sagar pumped storage hydel power project with a capacity of 270 MW (two x 135 MW) at Basavarajpur (V) in Davanagere district in Karnataka.

The project worth Rs 1,347.63 crore will generate 800 direct and 150 indirect employment.

The company is still awaiting land allotment to set up the project. The hydel power project is slated to be completed by November 2022.