JSW Energy stated that its subsidiary, JSW Neo Energy, has signed a Memorandum of Understanding with the Government of Chhattisgarh for the construction of a 1,000 MW Hydro Pumped Storage Project in the state of Chhattisgarh, dubbed Hasdev Bango Pumped Storage Project. JSW Energy has been quickly obtaining essential resources for Hydro PSPs in various resource-rich states for projects with a total capacity of up to 10 GW through its green growth vehicle JSW Neo Energy. 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.
