JSW Neo Energy Limited, a fully owned subsidiary of JSW Energy Limited, has signed a long-term power purchase agreement with Uttar Pradesh Power Corporation Limited (UPPCL) for 1,500 MW / 12,000 MWh of pumped hydro energy storage capacity.
Under the agreement, JSW Neo Energy will provide storage services for a duration of 40 years. The project entitles the company to receive a fixed annual capacity charge of ₹77.2 lakh per MW. The pumped storage facility will be developed in Sonbhadra district, Uttar Pradesh, and is designed to deliver scheduled energy discharge of up to 8 hours daily, with a maximum of 6 hours of continuous release.
The project is expected to be completed within six years. With this development, the company’s committed energy storage portfolio has increased to 28.3 GWh, including 26.4 GWh from pumped hydro projects. JSW Energy aims to reach 40 GWh of energy storage capacity by 2030.
JSW Energy is one of India’s leading private power generation companies and a part of the $24 billion JSW Group, which has a diversified presence across sectors including steel, energy, infrastructure, cement, and sports. Since commencing operations in 2000 with its initial 260 MW thermal project in Karnataka, JSW Energy has expanded its generation capacity to 10 GW. The company is currently working on projects totaling 11.3 GW and is targeting 20 GW of installed capacity by 2030.
JSW Energy operates across various segments of the power sector, with a focus on operational excellence, responsible financial practices, and long-term value creation. JSW Energy Ltd is one of India’s prominent private sector power companies and is part of the USD 24 billion JSW Group, with interests spanning steel, energy, infrastructure, cement, and sports. Since commencing commercial operations in 2000, JSW Energy has grown its installed capacity from 260 MW to 10 GW, ahead of its FY25 goal. The company is currently building an additional 7.5 GW, aiming to achieve a total capacity of 20 GW well before 2030. JSW Energy operates across the power sector value chain with a focus on responsible growth, efficient operations, and long-term value creation for stakeholders.
