Adani Green Energy Limited announced on Tuesday that its subsidiary Adani Saur Urja has secured an order from the Uttar Pradesh Power Corporation Limited (UPPCL) to provide 1250 MW of energy storage capacity using pumped hydro storage (PSP) projects. The subsidiary received a Letter of Award (LOA) from UPPCL for the project. The capacity was awarded through an e-Reverse Auction conducted by UPPCL according to a regulatory filing. Details Of Contract The agreement involves the Annual Fixed Cost ofRs 7653226 per MW per year (excluding taxes) for a period of 40 years starting from the projects commercial operation date. The project will contribute to strengthening energy storage infrastructure aligning with the growing demand for renewable energy solutions. This milestone marks another step in Adani Green Energy’s mission to expand its presence in sustainable energy and advance Indias clean energy goals. A company statement said that the project Panaura PSP has a minimum commitment for 40 years. Project In Uttar Pradesh It will be located in the Sonbhadra district Uttar Pradesh and is expected to be completed within the next six years. Indias clean energy goal necessitates the development of large utility-scale storage projects to integrate renewables into the grid and provide round-the-clock renewable energy it stated. Aligned to the endeavor Adani Green Energy has diversified its portfolio to include energy storage solutions in addition to its existing solar wind and hybrid projects it stated. Adani Green Future Plans 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. As one of the most cost-competitive mature and scalable technologies hydro PSP holds significant potential. Hydro PSPs use electrons generated from solar in the day to pump water and meet peak time energy demand at night through sustainable sources. Apart from being time-tested and domestically available PSPs are also the cleanest and safest technology to store energy. They offer numerous benefits such as grid stability peak shaving and flexibility in energy management. Additionally hydro PSPs provide frequency regulation and reserve generation making them a critical part of a robust and resilient energy infrastructure. The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonization goals. (With Inputs From PTI)