JSW Energy's wholly-owned subsidiary, JSW Neo Energy has received a letter of intent (LoI) from Maharashtra State Electricity Distribution (MSEDCL). It has secured an order for procurement of 1,500 MW/12,000 MWh of pumped hydro energy storage.
The Bhavali pumped hydro project, located in Nashik and Thane districts, will have an eight-hour discharge capacity with a maximum of five hours of continuous discharge. The LoI is for providing energy storage capacity for a period of 40 years.
Subsequent to this, the company's locked-in energy storage capacity will be 16.2 GWh which includes pumped hydro storage capacity of 14.4 GWh and battery energy storage capacity of 1.8 GWh.