The paper examines the pumped hydroelectric energy storage potential of mine dewatering system for power generation in a distributed power system. Based on the water inflows that can be used to fill the drainage basins, the following options for pumped-storage hydroelectric power plants (PSHPP) are considered: when groundwater is discharged from only one mine, one hydraulic turbine is installed on the horizon below the surface; with additional discharge of groundwater from neighboring mines – installation of two or four hydraulic turbines at the drainage stages closest to the surface. Comparison was made with grid only system. It is based on net present value (NPV) and levelized cost of energy (LCOE) criteria. Variable parameters were hydraulic turbine water flow and mine power consumption. Also, for a certain combination of parameters, the optimal mine power system was determined. The area of use of the PSHS is estimated. It was found that the smallest economic effect is achieved when the power generation of one hydraulic turbine is close to the power consumption. The area of expedient use of the PSHPP within the limits of parameter variation is 17.2%, 19.6% (base and peak costs of power). This is because power generation drops when the water flow decreases. It does not cover the needs of the mine and there is a power shortage. Thus, the mine power system autonomy is very low. With an increase in water inflow and the number of hydraulic turbines, first up to two and then up to four units, the area of expedient use of PSHPP increases to 51.5%, 55.9% and 50.6%, 72.8%, respectively. However, with low energy consumption and a low water flow, it is still rational to receive electricity from the grid. This is due to a sharp drop in the efficiency of hydraulic turbines and high costs for maintenance and repair of PSHPP equipment, which are not comparable to the cost of purchasing power. So it was noted that with the base cost of electricity and an increase in the number of hydro turbines from two to four, the area of conditions under which the use of PSHPP is justified even decreased by 0.9%. At peak cost, the area increases by 16.9%. The mine power system autonomy is not achieved. In general, the efficiency of using PSHPP for mine dewatering systems is high, but the feasibility of their use should be studied for specific conditions of use.