JSW Neo Energy Signs Contract with UPPCL to Provide Energy Storage
POWER & RENEWABLE ENERGY

JSW Neo Energy Signs Contract with UPPCL to Provide Energy Storage

JSW Neo Energy Ltd, a subsidiary of JSW Energy, has signed an agreement with the Uttar Pradesh Power Corporation Ltd (UPPCL) for the procurement of 1,500 MW / 12,000 MWh pumped hydro energy storage. The project, located in Sonbhadra district, Uttar Pradesh, will be capable of a scheduled discharge of 8 hours (with maximum continuous 6 hours) per day.

The contract states that the company will receive a fixed capacity charge of Rs 77.2 lakh per MW per annum in return for supply of energy storage capacity for a period of 40 years. The project is expected to be commissioned in the next 6 years and will not only increase the company’s energy storage capacity from 26.4 GWh to 28.3 GWh of PSP but also keep it on track to achieve its target of 40 GWh of energy storage by 2030.

JSW Neo Energy Ltd, a subsidiary of JSW Energy, has signed an agreement with the Uttar Pradesh Power Corporation Ltd (UPPCL) for the procurement of 1,500 MW / 12,000 MWh pumped hydro energy storage. The project, located in Sonbhadra district, Uttar Pradesh, will be capable of a scheduled discharge of 8 hours (with maximum continuous 6 hours) per day.The contract states that the company will receive a fixed capacity charge of Rs 77.2 lakh per MW per annum in return for supply of energy storage capacity for a period of 40 years. The project is expected to be commissioned in the next 6 years and will not only increase the company’s energy storage capacity from 26.4 GWh to 28.3 GWh of PSP but also keep it on track to achieve its target of 40 GWh of energy storage by 2030.

Next Story
Infrastructure Urban

Exide Industries appoints Manoj Kumar Agarwal as Director – Finance & CFO

Exide Industries Ltd has announced the appointment of Manoj Kumar Agarwal as Director – Finance & Chief Financial Officer, effective 1st May 2025. The decision was finalised during the board meeting held on 30th April 2025, following the retirement of Asish Kumar Mukherjee, who served in the same role for 18 years.Agarwal joined Exide in February 2023 as Deputy CFO. In this capacity, he led critical functions including finance, accounts, audit, treasury, taxation, IT, and procurement. In his new role, he will continue to oversee these areas while focusing on strengthening Exide’s finan..

Next Story
Resources

Nuvoco’s ‘Sabse Khaas Pehelwaan’ Ends with Grand Finale in Delhi

Nuvoco Vistas Corp, India’s fifth-largest cement group by capacity, concluded the grand finale of Nuvoco Duraguard Cement presents ‘Sabse Khaas Pehelwaan’ on May 2, 2025, at the Talkatora Indoor Stadium, New Delhi. This prestigious wrestling championship was designed to discover and celebrate emerging talent across Haryana. It reflects Nuvoco Duraguard Cement’s unwavering commitment to strength, resilience, and excellence—values that align seamlessly with both Nuvoco’s premium products and the timeless sport of wrestling, an integral part of Haryana’s cultural identity. The..

Next Story
Resources

hansgrohe wins double gold at iF DESIGN AWARDS 2025

Premium bath and kitchen brand hansgrohe has clinched two Gold awards at the iF DESIGN AWARD 2025, standing out among nearly 11,000 entries from around 66 countries. The brand’s Avalegra mixer tap and Raindance Alive shower system were lauded for redefining everyday water experiences through innovation and design. The hansgrohe Avalegra, an elegant reinterpretation of handwashing, impressed jurors with its graceful curves and integrated washbasin design. The standout feature — a gentle face spray fountain — replaces traditional splashing, offering a refreshing and hygienic twist to hand..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?