JSW Renewable Technologies, a wholly owned step-down subsidiary of JSW Energy, was allocated a performance-linked incentive (PLI) for quoted manufacturing capacity of 1 gw wafer+cell+module in March last year. The company planned to backward integrate and de-risk its supply chain to aid its growth plans. The strategic intent was to use this capacity for captive consumption in building renewable energy projects by JSW Neo Energy, a wholly owned subsidiary
Hyderabad: JSW Neo Energy, a subsidiary of JSW Energy, on Wednesday announced the setting up of a pumped storage project in Telangana state with an investment of Rs 9,000 crore, after signing an MoU.
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.
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.