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.
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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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