JSW Energy has entered into a memorandum of understanding (MoU) with the Government of Chhattisgarh through its wholly-owned subsidiary, JSW Neo Energy, for establishing a 1,000 MW capacity hydro pumped storage project, viz. Hasdev Bango Pumped Storage Project. According to JSW, the development of energy storage solutions such as hydro pumped storage projects is becoming increasingly important because of the intermittent power supply from renewables. The company has also signed a 1,500 MW contract with the Maharashtra government and a 1,000 MW letter of intent (LOI) with the Rajasthan government in the previous financial year. JSW Energy has set an ambitious goal for a 50 per cent reduction in its carbon footprint by 2030 and accomplishing carbon neutrality by 2050 by transitioning towards renewable energy.Contact: JSW EnergyTel: 022-4286 1000Website: www.jsw.in