JSW Neo Energy Bags 1,500 MW/12,000 MWh Pumped Hydro Storage Project in Maharashtra
JSW Neo Energy has received a LoI from Maharashtra State Electricity Distribution Company Ltd. for the 1,500 MW/12,000 MWh Bhavali Pumped Hydro Project in the Nashik and Thane districts.
October 03, 2024. By Mrinmoy Dey
The Bhavali Pumped Hydro Project, situated in the Nashik and Thane districts, will feature an 8-hour discharge capacity with a maximum of five hours of continuous discharge. The LoI is for providing energy storage capacity for a period of 40 years.
Subsequent to this, 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.
Commenting on the development, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy stated, “Often referred to as ‘Water Batteries’, PSPs play a vital role in ensuring grid stability, integrating variable renewable energy sources, and promoting local development. These energy storage projects are crucial for achieving our NDC targets and are a perfect complement to modern clean energy systems. This project marks a significant step towards our goal of achieving 40 GWh of energy storage capacity by 2030 and becoming a comprehensive provider of energy products and services.”
He further added that 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 a battery energy storage system and hydro-pumped storage project.
The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving carbon neutrality by 2050.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
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