JSW Energy announced that its subsidiary, JSW Neo Energy has entered into a Memorandum of Understanding with the Government of Chhattisgarh for setting up 1,000 MW capacity of Hydro Pumped Storage Project viz. Hasdev Bango Pumped Storage Project, in the State of Chhattisgarh.
JSW Energy through its green growth vehicle JSW Neo Energy has been expeditiously securing key resources for Hydro PSPs in various resource rich states for projects with a targeted capacity totalling upto 10 GW. Earlier, in FY22, the Company had also signed a MoU with the Government of Maharashtra for 1,500 MW and a Letter of Intent with the Government of Rajasthan for 1,000 MW Hydro PSPs.
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