With an output of 1050 megawatts, the Markersbach pumped storage power plant in Saxony is the second largest pumped storage power plant in Germany and is one of the largest hydropower plants of its kind in Europe. The Markersbach PSP was built between 1970 and 1981 near Markersbach in the Ore Mountains and went into operation in 1979. It was repaired in 1990 and 1998. It consists of an upper basin and a lower basin with the power plant. The machines are located in a 44 m high cavern, which is around 100 m below the administration building and slightly below the bottom of the lower basin.