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JSW Energy Unit Signs Energy Storage Facility Agreement with MSEDCL

JSW Energy PSP Two, a step-down subsidiary of JSW Energy has signed an energy storage facility agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for procurement of 1,500 MW/12,000 MWh of pumped hydro energy storage. The signing follows the announcement of receiving the letter of intent on 01 October, 2024.

 

The ESFA is towards the supply of energy storage capacity for 40 years, wherein the company will be entitled to receive a fixed capacity charge of Rs 84.66 lakh per MW per annum.

 

The Bhavali pumped hydro project, situated in Nashik and Thane districts of Maharashtra will feature an eight-hour discharge capacity, having a maximum of five hours of continuous discharge. The project is expected to be commissioned in next 48 months.

 

By integrating advanced energy storage solutions, this project will not only enhance grid stability, but will also provide sustainable and reliable power. Additionally, it will contribute to local area development by generating employment opportunities.

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