Pumped storage schemes are perfect centralized peaking power stations for the load management in the electricity grid. PSS would be in high demand for meeting peak load demand and storing the surplus electricity as India graduates from electricity deficit to electricity surplus. They also produce secondary /seasonal power at no additional cost when rivers are flooding with excess water. Storing electricity by other alternative systems such as batteries, compressed air storage systems, etc is more costlier than electricity production by standby generator. India has already established nearly 4785 MW pumped storage capacity which is part of its installed hydro power plants.