close
close

Voice News

CA News 2024

searchengine

Latest news | JSW Energy begins construction of a 1 GWh battery energy storage project in Rajasthan


New Delhi, Jun 10 (PTI) JSW Energy on Monday said it has started construction of a 1 gigawatt hour (GWh) battery energy storage system project at Fatehgarh in Rajasthan.

The company recently acquired the project from Solar Energy Corporation of India Limited (SECI), JSW Energy said in an exchange filing.

Also read | Congress passes resolution to make Rahul Gandhi Leader of Opposition in Lok Sabha: What is LoP? What rights are attached to the post? Everything you need to know.

The project consists of two installations, each with a storage capacity of 500 MWh, designed for two hours of storage in one cycle. The project will be developed under a Build Own Operate and Transfer (BOOT) mechanism and will be handed over to the off-taker after 12 years, the company said.

JSW Energy said it aims to commission the project by June 2025.

Also read | NDA government formation 2024: who wants which ministry? Check the likely list of new cabinet ministers.

The company has also signed a Memorandum of Understanding (MoU) with JSW Steel Ltd to supply an additional 85,000-90,000 tonnes of green hydrogen annually, along with 7,20,000 tonnes per annum (TPA) of green oxygen, progressively by 2030.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said: “…Our Battery Energy Storage System project represents a critical advancement in improving grid stability and integrating renewable energy sources.”

(This is an unedited auto-generated story from the syndicated news feed. Staff may not have edited or edited the content recently)