JSW Energy's subsidiary secures 40-year deal with MSEDCL for a 1,500 MW pumped hydro project in Maharashtra.

JSW Energy’s subsidiary has secured a 40-year agreement with Maharashtra’s MSEDCL to develop a 1,500 MW pumped hydro energy storage project, set to enhance grid stability and support local employment. The project, with a capacity of 12,000 MWh, will generate a fixed charge of Rs 84.66 lakhs per MW annually. Expected to be operational within 48 months, it will contribute to JSW's goal of 20 GW generation and 40 GWh storage capacity by 2030.

October 11, 2024
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