A contract between SW Energy and the Government of Maharashtra requires the construction of a 960 megawatts (MW) hydropump storage facility in the Raigarh area of the state.
JSW Energy announced that hydropump storage is a proven technology that provides ample peak power reserves, reliable networking, energy balancing and storage capacity.
JSW Energy withheld information about the finances of the planned project. The company, through its 'green growth vehicle', JSW Neo Energy, has quickly procured essential resources for Hydro PSPs in numerous resource-rich states for projects totaling up to 10 GW of capacity.