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JSW Energy’s arm signs Energy Storage Facility Agreement with MSEDCL

14 Oct 2024 Evaluate

JSW Energy’s step-down subsidiary -- JSW Energy PSP Two has signed Energy Storage Facility Agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The ESFA 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 Rs 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 5 hours of continuous discharge. The project is expected to be commissioned in next 48 months. 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.


JSW Energy Share Price

545.35 7.25 (1.35%)
20-Apr-2026 14:59 View Price Chart
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