Deals1 May 2025, 03:28 pm
JSW Energy Subsidiary Signs 1,500 MW Pumped Hydro Storage Power Procurement Agreement with Uttar Pradesh Power Corporation
AI Summary
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has signed a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The project, located at Sonbhadra district, Uttar Pradesh, is expected to be commissioned in the next 6 years, increasing JSW Energy's total locked-in energy storage capacity to 28.3 GWh.
Key Highlights
- JSW Neo Energy Limited signs a PHSPPA with UPPCL for 1,500 MW / 12,000 MWh of pumped hydro energy storage.
- The project is located at Sonbhadra district, Uttar Pradesh and is expected to be commissioned in the next 6 years.
- JSW Energy's total locked-in energy storage capacity increases to 28.3 GWh with this new project.
- JSW Energy is well-positioned to achieve its target of 40 GWh of energy storage by 2030.