Adani Saur Urja (LA) Limited, a Wholly-owned Subsidiary of the Company, has received a Letter of Award (“LOA”) from Uttar Pradesh Power Corporation Limited (“UPPCL”) for procurement of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects.
The capacity is secured through the e-Reverse Auction conducted by UPPCL. The Annual Fixed Cost payable under the LOA is Rs. 76,53,226 per Mw per Annum (taxes extra) for the entire period of 40 years from COD.
Hydro Pumped Storage Projects (PSPs) are identified as one of the most developed, scalable, and affordable energy storage technologies. They employ surplus solar energy during the day to pump water up a hill, which is later released to produce electricity during peak evening hours. Apart from being a green energy solution, PSPs offer essential advantages such as grid stability, frequency regulation, reserve generation, and flexible energy management.
