JSW Neo Energy to set up hydro pumped storage project in Chhattisgarh

JSW Energy arm JSW Neo Energy has inked a pact with the Chhattisgarh government for setting up a 1,000 MW capacity hydro pumped storage project.

With rapid addition of renewable energy capacity in the country, development of energy storage solutions such as hydro pumped storage projects (PSPs) become essential due to intermittent power supply from renewables, the company said in a statement.

Hydro pumped storage is a well-established technology that provides adequate peaking power reserves, reliable grid operation, and energy balancing and storage capacity, it added.

“JSW Energy Limited, through its wholly owned subsidiary, JSW Neo Energy, has entered into a Memorandum of Understanding with the Government of Chhattisgarh for setting up a 1,000 MW capacity of Hydro Pumped Storage Project viz.