Latest news with #PumpedHydroStoragePowerProcurementAgreement
Time of India
02-05-2025
- Business
- Time of India
JSW Neo Energy inks deal with UPPCL for 1500 MW pumped hydro storage
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 Ltd. ( UPPCL ) for 1,500 MW / 12,000 MWh of pumped hydro energy storage. Under this agreement, the supply of energy storage capacity is for a period of 40 years, and JSW Neo Energy will receive a fixed capacity charge of ₹77.2 lakh per MW per annum. The pumped hydro storage will be capable of a scheduled discharge of 8 hours, with a maximum continuous discharge of 6 hours per day. The project is expected to be commissioned in the next six years. With this agreement, JSW Neo Energy's total locked-in energy storage capacity now stands at 28.3 GWh, including 26.4 GWh of pumped storage projects. The company is presently constructing various power projects to the tune of 11.3 GW, with a vision to achieve a total power generation capacity of 20 GW.
Business Upturn
01-05-2025
- Business
- Business Upturn
JSW Energy signs agreement with UPPCL for 1,500 MW pumped hydro storage project in Uttar Pradesh
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has entered into a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement involves the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The project is located in the Sonbhadra district of Uttar Pradesh and is structured to provide scheduled discharge for 8 hours per day, with a maximum continuous discharge capacity of 6 hours. The agreement spans a 40-year period, during which JSW Neo Energy will receive a fixed capacity charge of ₹77.2 lakhs per MW annually. The pumped hydro project is expected to be commissioned within six years. Upon completion, this will further contribute to the company's growing energy storage portfolio. With the addition of this agreement, JSW Energy's total locked-in energy storage capacity has increased to 28.3 GWh, including 26.4 GWh from pumped storage projects (PSP). The company continues to progress toward its target of achieving 40 GWh of energy storage capacity by 2030. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
