JSW Energy Arm Signs Deal with UPPCL for 1,500 MW Pumped Hydro Storage

JSW Neo Energy Limited, a fully owned part of JSW Energy, has signed a long-term agreement with Uttar Pradesh Power Corporation Limited (UPPCL). This agreement involves the supply of 1,500 MW / 12,000 MWh of pumped hydro energy storage.

Project Details

• The energy storage project will be set up in the Sonbhadra district, Uttar Pradesh.
• It will allow a daily discharge of up to 8 hours (with a maximum of 6 hours at a stretch).
• The agreement is valid for 40 years, with JSW receiving ₹77.2 lakhs per MW per year.
• The project is expected to be completed within 6 years.

Company Progress and Goals

With this project, JSW Energy’s total confirmed energy storage now reaches 28.3 GWh, of which 26.4 GWh is from pumped storage. The company is moving towards its aim of achieving 40 GWh of storage capacity by 2030.

About JSW Energy

JSW Energy, part of the $24 billion JSW Group, is a major private power producer in India. The company works across power generation and transmission. Since starting in 2000, it has grown from 260 MW to 10 GW of capacity. Currently, it is developing power projects totalling 11.3 GW, aiming for 20 GW capacity by 2030.

Read More: JSW Energy to Raise ₹800 Crore via Private Placement of NCDs.

Share Performance 

As of May 02, 2025, at 11:00 AM, JSW Energy Ltd share price is trading at ₹477.65 per share, reflecting a decline of 0.32% from the previous closing price. Over the past month, the stock has declined by 9.24%. The stock’s 52-week high stands at ₹804.90 per share, while its low is ₹418.75 per share.

Conclusion

This long-term partnership with UPPCL not only strengthens JSW Energy’s position in the renewable energy sector but also supports India’s vision for energy security and sustainability. With strong goals and growing capacity, JSW Energy is on track to become a leading force in the future of green energy.

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