Sonbhadra: JSW Energy, through its subsidiary JSW Neo Energy Ltd., has signed a long-term agreement with Uttar Pradesh Power Corporation Ltd. (UPPCL) for the procurement of pumped hydro energy storage.
Under the Pumped Hydro Storage Power Procurement Agreement (PHSPPA), JSW Neo Energy will supply 1,500 MW / 12,000 MWh of pumped hydro energy storage capacity for a period of 40 years.
The agreement ensures a fixed capacity charge of Rs 77.2 lakh per MW per annum to the company. The project, to be developed in the Sonbhadra district of Uttar Pradesh, will provide scheduled energy discharge for eight hours daily, with a maximum continuous discharge of six hours. The commissioning of the project is expected within the next six years.
With this deal, JSW Energy’s total locked-in energy storage capacity has increased to 28.3 GWh, which includes 26.4 GWh from pumped storage projects (PSP). The company remains on track to meet its target of achieving 40 GWh of energy storage capacity by 2030, reinforcing its commitment to sustainable and reliable energy solutions.
This move marks a significant step in strengthening grid stability and supporting renewable energy integration in India.
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