JSW Energy announced today that its arm JSW Neo Energy Ltd has secured pumped hydro storage power procurement agreement with Uttar Pradesh Power Corp Ltd (UPPCL) for 1.5 GW/12 GWh of pumped hydro energy storage.
Under the agreement, JSW will supply energy storage capacity for a period of 40 years at a fixed capacity charge of INR 77.2 lakh per MW per annum.
The project, located in Sonbhadra district of Uttar Pradesh, will be capable of a scheduled discharge of 8 hours (with maximum continuous 6 hours) per day. The project is expected to be commissioned in the next six years.
“Subsequent to this, the company’s total locked-in energy storage capacity now stands at 28.3 GWh, which includes 26.4 GWh of pumoped storage projects. The company is well-positioned to achieve its target of 40 GWh of energy storage by 2030,” stated JSW Energy.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.