JSW Energy Inks ESFA with MSEDCL for 1,500 MW/12,000 MWh Pumped Hydro Storage
JSW Energy PSP Two, a step-down subsidiary of JSW Energy, has signed an energy storage facility agreement with MSEDCL for procurement of 1,500 MW/12,000 MWh of pumped hydro energy storage.
October 14, 2024. By Mrinmoy Dey
The ESFA is for the 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 84.66 lakh per MW per annum. The Bhavali Pumped Hydro project, situated in the Nashik and Thane districts of Maharashtra will feature an 8-hour discharge capacity with a maximum of five hours of continuous discharge. The project is expected to be commissioned in the next 48 months.
Commenting on the development, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy stated, “We are thrilled to sign our first energy storage facility agreement for a pumped hydro storage plant, marking a significant milestone in our journey towards becoming energy products and services company. By integrating advanced energy storage solutions, this project will not only enhance grid stability but also reinforce our commitment to provide sustainable and reliable power. Additionally, it will contribute to local area development by generating employment opportunities and fostering community resilience.”
The company’s locked-in energy storage capacity stands at 16.2 GWh which includes pumped hydro storage capacity of 14.4 GWh and battery energy storage capacity of 1.8 GWh.
JSW Energy has a total locked-in generation capacity of 18.2 GW comprising 7.7 GW operational, 2.1 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 GW. The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage systems and hydro-pumped storage projects.
please contact: contact@energetica-india.net.
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix
Muthu Subramanian
MD & General Manager
From Charging to Swapping: How Yuma Energy is Changing EV Refueling