JSW Neo Energy, a subsidiary of JSW Energy, will establish a 1,500 MW pumped storage project in Telangana with an investment of Rs 9,000 crore. The Memorandum of Understanding (MoU) for the project was signed at the World Economic Forum in Davos. The Chairman of JSW Group, Sajjan Jindal, met with the Chief Minister of Telangana, A Revanth Reddy, to announce the plan.