JSW Neo Energy, a subsidiary of the Indian power company JSW Energy, has signed a memorandum of understanding with the government of Maharashtra to develop a 960 MW hydro-pumped storage project, which will be located in the state of Maharashtra (central India).
The company has been securing key resources for hydro-pumped storage projects in various Indian states for projects with a targeted capacity of 10 GW. With the signing of this memorandum of understanding, the company has secured resources for approximatively 6 GW of hydro-pumped storage projects with several states, including Maharashtra, Chhattisgarh, Telangana, and Rajasthan.
JSW Energy’s capacity stands at 9.1 GW, with a 65% share of renewables, including 1.75 GW renewable assets obtained through an acquisition from Mytrah in August 2022, and about 2.5 GW of under-construction wind and hydro projects which are likely to be commissioned in phases over the next 12 to 24 months.
India plans to add 79 hydropower projects with a total capacity of 30 GW, including 11 pumped-storage projects totalling 8.7 GW, during the period 2019-2020 to 2029-30. The country has an installed pumped storage capacity of 4.9 GW (end of 2021). Hydropower accounts for 12% of India's total capacity, with 51.4 GW.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.