JSW Energy Limited’s arm JSW Neo Energy Limited has signed a memorandum of understanding (MoU) with the Chhattisgarh government for setting up a 1,000 MW capacity hydro pumped storage project (PSP) – Hasdev Bango PSP.
JSW Energy through its green growth vehicle JSW Neo Energy has been securing key resources for hydro PSPs in various resource rich states for projects with a targeted capacity totalling upto 10 GW. Earlier, in 2021-22, the company had also signed a MoU with the Maharashtra government for 1,500 MW and a letter of intent with Rajasthan government for 1,000 MW hydro PSPs.