JSW Energy, through its subsidiary JSW Neo Energy Ltd, has signed a significant energy storage agreement with Uttar Pradesh Power Corporation Ltd (UPPCL) for the procurement of 1.5 GW/12 GWh of pumped hydro energy storage. This long-term agreement is a major step forward in India’s renewable energy storage capacity and supports grid stability and flexibility.
The agreement involves a fixed capacity charge of INR 77.2 lakh per MW per annum for a tenure of 40 years. The pumped storage project will be developed in the Sonbhadra district of Uttar Pradesh, strategically located to support regional power demands. The facility will offer scheduled energy discharge for up to 8 hours daily, with a maximum continuous discharge limit of 6 hours per day, making it highly suitable for meeting peak demand and load balancing requirements.
The project is expected to be commissioned over the next six years and will play a key role in the state’s renewable energy mix. It also reflects a growing trend toward utility-scale energy storage as a backbone for integrating intermittent sources like solar and wind.
With this new addition, JSW Neo Energy’s total locked-in energy storage portfolio rises to 28.3 GWh, of which 26.4 GWh is attributed to pumped hydro storage projects. The company is firmly on track to achieve its stated goal of building 40 GWh of energy storage capacity by 2030, thereby reinforcing its leadership in clean and dispatchable power solutions.
This development follows JSW Energy’s broader strategy to transition to green energy and support India’s goal of achieving 500 GW of non-fossil fuel-based capacity by 2030. Pumped hydro, with its proven scalability and efficiency, remains a central component of the company’s energy storage roadmap.
The agreement not only underscores JSW’s growing influence in the clean energy space but also highlights UPPCL’s commitment to enhancing Uttar Pradesh’s energy infrastructure through innovative storage solutions.
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