JSW Energy’s wholly owned subsidiary -- JSW Neo Energy has received Letter of Intent (LoI) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage from Maharashtra State Electricity Distribution Company (MSEDCL). The Bhavali Pumped Hydro Project, situated in the Nashik and Thane districts, will feature an 8-hour discharge capacity with a maximum of 5 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.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
