The subject matter of the master´s thesis is, in particular, an evaluation of the advantageousness of the construction of a pumped-storage hydroelectric power station in the vicinity of Cukrová Bouda. In the master´s thesis introduction the utilisation of pumped-storage hydroelectric power stations in providing reserve power generation to the operator of a power transmission system is discussed. The thesis then focuses on a technical design solution where two alternatives are drawn up for which the nominal parameters of individual designs for a pumped-storage hydroelectric power station are specified. The following part deals with the impact of the structure and the plant’s subsequent operation on the environment. A further key part is the determination of investment and subsequent operating costs and an evaluation of the plant according to economic pointers. The final part of the master´s thesis contains a SWOT analysis and an assumed programme of works for the plant’s preparation and actual construction. The conclusion contains an overall evaluation.