JSW signs PPA with UPPCL for 1,500 MW pumped hydro storage
JSW Neo Energy Limited, a subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 1,500 MW/12,000 MWh of pumped hydro storage projects (PHSPs) in Sonbhadra district, Uttar Pradesh. The agreement spans 40 years with a fixed annual capacity charge of Rs 7.72 million per MW. The PHSPs will enable a scheduled discharge of 8 hours per day, with a maximum continuous discharge period of 6…