JSW Energy subsidiary signs 1,600 MW thermal PPA with West Bengal DISCOM
JSW Energy's subsidiary signed a 1,600 MW thermal PPA with West Bengal DISCOM for a plant in Salboni, to be commissioned within 6 years. This increases JSW Energy's total thermal capacity to 10.7 GW. The company aims for 30 GW generation capacity by 2030.
The PPA is for a substantial capacity of 1,600 MW and contributes significantly to the company's overall generation capacity targets, impacting its future revenue and market position.
The signing of a significant Power Purchase Agreement (PPA) for a 1,600 MW thermal power plant is a positive development, increasing the company's secured capacity and reinforcing its growth strategy.
JSW Thermal Energy Two Limited, a wholly-owned subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for a greenfield 1,600 MW (2 x 800 MW) super/ultra-super critical thermal power plant. The plant is to be commissioned in Salboni, West Bengal, within 6 years and was awarded under a competitive bidding process.
This is the second PPA signed with WBSEDCL for the Salboni site, following a previous 1,600 MW PPA signed in March 2025. The new plant will utilize domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy. With this agreement, JSW Energy's total secured thermal capacity reaches 10.7 GW. The company currently operates 5,658 MW of thermal capacity, with an additional 3,200 MW under construction at Salboni and an option for 1,800 MW at KSK Mahanadi, bringing the total expected thermal capacity to 10,658 MW.
JSW Energy has a total locked-in generation capacity of 32.1 GW, comprising 13.3 GW operational, 14 GW under construction (thermal and renewable), 150 MW hydro under acquisition, and a pipeline of 4.6 GW. The company aims to achieve 30 GW generation capacity and 40 GWh of energy storage capacity by 2030, with a goal of Carbon Neutrality by 2050. Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed pleasure at the signing, highlighting Salboni as the largest single-location asset and reinforcing the commitment to India's energy security.
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