Adani Green Energy (AGEL) on Tuesday said it has received the letter of award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for 1,250 MW energy storage capacity from pumped hydro storage projects (PSP).
The project, Panaura PSP, has a minimum commitment for 40 years. It will be located in the Sonbhadra district, Uttar Pradesh and is expected to be completed within the next six years, AGEL said .
Adani Green has firm plans to add over 5 GW hydro PSP capacity by 2030. The company has already commenced the construction of its hydro pumped storage projects of 500 MW at Chitravathi river, in Andhra Pradesh, 1500 MW at Tarali in Maharashtra and 1800 MW at Gandikota in Andhra Pradesh.
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As one of the most cost-competitive, mature and scalable technologies, hydro PSPs use electrons generated from solar in the day to pump water and meet peak time energy demand at night through sustainable sources.
Hydro PSPs offer numerous benefits such as grid stability, peak shaving, and flexibility in energy management. Additionally, hydro PSPs provides frequency regulation and reserve generation, making them a critical part of a robust and resilient energy infrastructure.
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