Adani Saur Urja (LA) Limited, a subsidiary of Adani Green Energy, has secured a major contract from Uttar Pradesh Power Corporation Limited (UPPCL) to provide 1,250 MW of energy storage capacity through Pumped Hydro Storage (PSP) projects. The contract was secured through an e-reverse auction and will have an annual fixed cost of Rs 76,53,226 per MW per year, excluding taxes. The agreement will be effective for 40 years from the commercial operation date (COD) of the project.
The project, Panaura PSP, will be located in Sonbhadra district of Uttar Pradesh and is expected to be completed within the next six years. This project is aligned with India’s clean energy goal, which requires the development of large-scale energy storage projects to integrate renewable energy into the grid and provide round-the-clock renewable energy.
As a leader in the field of energy storage solutions, Adani Green Energy is committed to adding over 5 GW of hydro PSP capacity by 2030. The company has already started construction of its hydro-pumped storage projects in Andhra Pradesh, Maharashtra, and Andhra Pradesh.
Adani Saur Urja’s success in securing this contract is a significant step forward in achieving India’s clean energy goals and demonstrating the company’s commitment to sustainable energy solutions. The Pumped Hydro Storage technology will help provide grid stability, peak shaving, and flexibility in energy management, making it a critical part of a robust and resilient energy infrastructure.