The Andhra Pradesh government has given its approval to JSW Neo Energy’s proposal to establish a hydro storage power project with a capacity of 1,500 MW. The project will be located at Bakkannavari Palli in Vempalli Mandal, YSR district.

With an estimated investment of ₹8,104 crore, the initiative aims to address the state’s energy requirements and storage challenges for renewable energy.

Scheduled to commence in December 2024, the hydro storage project by the JSW Group is expected to generate approximately 3,314.93 million units of power annually. Additionally, it will create employment opportunities for around 1,500 individuals. This project was one of the six memorandums of understanding (MoUs) signed by JSW Group during the Global Investors’ Summit 2023 – Advantage Andhra Pradesh, held in Visakhapatnam earlier this year.

According to S Ramana Reddy, the Managing Director of the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP), the state has demonstrated a proactive approach towards establishing hydro storage plants and promoting the renewable energy sector. Reddy emphasized that pumped storage plants, such as the one proposed by JSW, have a proven track record and are adopted globally in 95% of cases. Unlike thermal plants, these storage plants offer the advantage of being able to start and stop production within minutes.

NREDCAP, as the nodal agency responsible for overseeing the establishment of pumped storage plants, has already identified 30 potential sites across the state with a combined capacity of 33,240 MW. In December 2022, NREDCAP introduced the ‘Andhra Pradesh Pumped Storage Hydro Power Projects Policy 2022’ to facilitate the development of such projects.

Once operational, the JSW hydro storage plant will be the second of its kind in YSR Kadapa district, as the Adani group has already begun work on the Gandikota Pumped Storage Project (1,000 MW) in the same region.

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