Renewable Energy has become an inevitable one in the world of power sector. Especially country like India (the second largest populated) powering the entire nation is not an easy thing. Typically we depend upon conventional energy sources which is to be dissipate at any point of time. Therefore now we are returning back to the pavilion, started using non conventional energy sources like our ancestors. Unlike conventional sources, the nonconventional sources are profuse in nature. These sources will be even more effective when coordination comes into picture. Mostly coordination will be done with wind and solar predominantly. In this paper, we are to reveal about the hidden treasure, the pumped storage power plant (PSP) its advantages and disadvantages.