JSW, UPPCL Sign 1,500 MW Pumped Hydro Storage PPA

JSW Neo Energy Limited, a JSW Energy subsidiary, signed a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) with Uttar Pradesh Power Corporation (UPPCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. 

The PHS PPA would be used to supply energy storage capacity for 40 years. As per the order, the company will be entitled to receive a fixed capacity charge of ₹77.2 lakhs per MW per annum. The aforesaid project, located at Sonbhadra district, Uttar Pradesh, will be capable of a scheduled discharge of 8 hours (with a maximum continuous 6 hours) per day. 

The project is expected to be commissioned in the next 6 years. After this, the Company’s total locked-in energy storage capacity now stands at 28.3 GWh, which includes 26.4 GWh of PSP. The company claims to be well-positioned to achieve its target of 40 GWh of energy storage by 2030.

UPPCL’s Previous PSP Projects

Earlier this year, Adani Green Energy Limited (AGEL) received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) for 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects (PSP). The Panaura PSP project has a minimum commitment of 40 years. It will be located in Sonbhadra district, Uttar Pradesh, and is expected to be completed within the next six years.

India’s clean energy goals necessitate the development of large utility-scale storage projects to integrate renewables into the grid and provide round-the-clock renewable energy. Aligned with this objective, Adani Green Energy has diversified its portfolio to include energy storage solutions alongside its existing solar, wind, and hybrid projects.