JSW Energy Signs 230 MW FDRE PPA with SECI
The 230 MW PPA is a substantial addition to JSW Energy's portfolio, increasing its locked-in generation capacity and supporting its strategic targets.
The announcement highlights a significant new power purchase agreement, contributing to the company's growth and renewable energy goals.
* JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme. * The PPA is for a tenure of 25 years at a tariff of ₹4.98 per kWh. * With this agreement, JSW Energy's total under-construction capacity stands at 12.9 GW, and its total locked-in generation capacity is 30.2 GW. * JSW Energy aims to achieve 30 GW installed generation capacity and 40 GWh of energy storage by 2030. * Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, stated that this agreement underscores JSW Energy’s commitment to providing advanced and tailored energy solutions and strengthens their energy products and services offering while supporting the country’s energy transition goals.
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JSW Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Energy Limited. Read the original for the full detail.