JSW Energy Signs Pumped Hydro Storage PPA for 1,500 MW/12,000 MWh PSP with UPPCL
JSW Neo Energy Ltd., a subsidiary of JSW Energy, has signed a 40-year agreement with UPPCL to supply 1,500 MW/12,000 MWh of pumped hydro energy storage from a project to be commissioned in Sonbhadra, Uttar Pradesh in the next 6 years.
May 02, 2025. By Mrinmoy Dey
The PHSPPA is for supply of energy storage capacity for a period of 40 years where the company will be entitled to receive a fixed capacity charge of INR 77.2 lakh/MW/Annum, said the company in a statement.
The aforesaid project, located in the 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 6 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 PSP. The company is well-positioned to achieve its target of 40 GWh of energy storage by 2030, it said.
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