NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for developing pumped hydro energy storage projects of up to 2,000 MW capacity across India. The last date to submit the bids is August 16, 2023. Bids will be opened on the same day. The project must be commissioned within five years from the award, including 1.5-2 years for the detailed project report, land acquisition, studies, and detailed engineering, and 3-3.5 years of construction.