JSW Energy signs 1,500 MW energy storage agreement with MSEDCL
POWER & RENEWABLE ENERGY

JSW Energy signs 1,500 MW energy storage agreement with MSEDCL

JSW Energy PSP Two Limited, a subsidiary of JSW Energy, has finalized an Energy Storage Facility Agreement (ESFA) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for a substantial 1,500 MW/12,000 MWh pumped hydro energy storage project. This agreement follows a letter of intent issued on October 1, 2024.

Under the 40-year agreement, JSW Energy will receive a fixed capacity charge of ?84.66 lakhs per MW annually. The Bhavali Pumped Hydro Project, situated in the Nashik and Thane districts of Maharashtra, will feature an 8-hour discharge capability with a maximum of 5 continuous hours of discharge. The project is expected to be commissioned within the next 48 months.

This initiative will generate direct employment for approximately 3,000 individuals and contribute to local infrastructure improvements, including roads, irrigation, sanitation, and educational facilities as part of the company’s Corporate Environmental Responsibility initiatives.

According to India’s National Electricity Plan, the nation’s hydro pumped storage capacity is projected to reach 27 GW by FY2032, with battery energy storage anticipated to reach 47 GW. JSW Energy’s pumped hydro project will be instrumental in achieving these targets.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed excitement about this milestone, stating, “Signing our first energy storage facility agreement for a pumped hydro storage plant marks a significant step in our journey toward becoming an energy products and services company. This project will enhance grid stability and contribute to local area development through advanced energy storage solutions.”

JSW Energy aims to achieve 40 GWh of energy storage capacity by 2030, with 16.2 GWh already secured. The company currently has a total generation capacity of 18.2 GW, which includes 7.7 GW of operational capacity and a renewable energy pipeline of 8.3 GW. JSW Energy is targeting a total generation capacity of 20 GW by 2030 and has set an ambitious goal of becoming carbon neutral by 2050.

JSW Energy PSP Two Limited, a subsidiary of JSW Energy, has finalized an Energy Storage Facility Agreement (ESFA) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for a substantial 1,500 MW/12,000 MWh pumped hydro energy storage project. This agreement follows a letter of intent issued on October 1, 2024. Under the 40-year agreement, JSW Energy will receive a fixed capacity charge of ?84.66 lakhs per MW annually. The Bhavali Pumped Hydro Project, situated in the Nashik and Thane districts of Maharashtra, will feature an 8-hour discharge capability with a maximum of 5 continuous hours of discharge. The project is expected to be commissioned within the next 48 months. This initiative will generate direct employment for approximately 3,000 individuals and contribute to local infrastructure improvements, including roads, irrigation, sanitation, and educational facilities as part of the company’s Corporate Environmental Responsibility initiatives. According to India’s National Electricity Plan, the nation’s hydro pumped storage capacity is projected to reach 27 GW by FY2032, with battery energy storage anticipated to reach 47 GW. JSW Energy’s pumped hydro project will be instrumental in achieving these targets. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed excitement about this milestone, stating, “Signing our first energy storage facility agreement for a pumped hydro storage plant marks a significant step in our journey toward becoming an energy products and services company. This project will enhance grid stability and contribute to local area development through advanced energy storage solutions.” JSW Energy aims to achieve 40 GWh of energy storage capacity by 2030, with 16.2 GWh already secured. The company currently has a total generation capacity of 18.2 GW, which includes 7.7 GW of operational capacity and a renewable energy pipeline of 8.3 GW. JSW Energy is targeting a total generation capacity of 20 GW by 2030 and has set an ambitious goal of becoming carbon neutral by 2050.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?