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JSW subsidiary signs pumped hydro storage deal with MSEDCL

JSW Energy PSP Two, a subsidiary of JSW Energy, has signed an energy storage facility agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for 1,500 MW/12,000 MWh of pumped hydro energy storage. The agreement follows the letter of intent received on 01 October 2024. Under the ESFA, the company will supply energy storage capacity for 40 years and receive a fixed capacity charge of Rs 8.47 million per MW annually. The Bhavali pumped hydro…

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Torrent Power signs SSSA with LMCL and TU17

Torrent Power Limited has entered into a share subscription and shareholders agreement (SSSA) with Lakshmi Mills Company Limited (LMCL) and its subsidiary, Torrent Urja 17 Private Limited (TU17). This agreement involves the supply of 8.5 MWp of solar power to LMCL’s production units via open access from TU17’s renewable energy project. Under the agreement, LMCL must retain a minimum of 26 per cent ownership in TU17 throughout the power supply period. Additionally, Torrent Power has…