JSW to invest INR 9,000 Cr for setting up a pumped storage project in Telangana

Unnati More Jan 18, 2024 0

JSW Neo Energy, a subsidiary of JSW Energy, announced on Wednesday, January 17, at the World Economic Forum 2024 in Davos, that the company will establish a pumped storage project at an estimated investment of INR 9,000 Crore in Telangana. The renewable energy giant has signed an MoU (Memorandum of Understanding) with the state government for the same.

The proposed project will have a generation capacity of 1,500 MW and aligns with the state’s focus on promoting renewable energy. Telangana Chief Minister, Revanth Reddy, assured all the necessary support for the Pumped Storage Project and stated that JSW is a key partner for the state in its journey towards clean and green energy.

Also Read: Top Power Companies In India

As a leading private sector power company in India, JSW has an operational capacity of 4,559 MW and is the country’s largest Independent Hydro Power Producer (IPP). The company is rapidly expanding in India and aims to further grow its presence in Telangana.


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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.

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