JSW Energy signs Energy Storage Facility Agreement with MSEDCL | Capital Market News
JSW Energy signs Energy Storage Facility Agreement with MSEDCL | Capital Market News
For 1,500 MW / 12,000 MWh of pumped hydro energy storage
JSW Energy PSP Two, a step-down subsidiary of JSW Energy has signed 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.
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The ESFA is signed following our announcement of receiving the letter of intent on 01 October 2024. The ESFA is for supply of energy storage capacity for a period of 40 years where the company will be entitled to receive a fixed capacity charge of Rs 84.66 lakhs per MW per annum.
The Bhavali Pumped Hydro Project, situated in the Nashik and Thane districts of Maharashtra will feature an 8-hour discharge capacity with a maximum of 5 hours of continuous discharge. The project is expected to be commissioned in next 48 months.
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First Published: Oct 11 2024 | 7:21 PM IST
