JSW Energy subsidiary signs 400 MW PPA with Karnataka DISCOMs for 25 years
JSW Energy's subsidiary signed a 400 MW Power Purchase Agreement with Karnataka DISCOMs for 25 years starting April 1, 2026, at ₹5.78 per kWh. This secures long-term revenue and brings total locked-in capacity to 30.5 GW. The company aims for 30 GW capacity by FY2030.
The PPA for 400 MW over 25 years is a substantial long-term contract that significantly impacts revenue visibility and de-risks the company's portfolio, contributing to its strategic growth objectives.
The announcement details a significant Power Purchase Agreement (PPA) that secures long-term revenue and strengthens the company's generation portfolio, aligning with strategic goals.
JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement (PPA) with multiple Karnataka DISCOMs for the supply of 400 MW of power. The agreement is for a tenure of 25 years, commencing from April 1, 2026, with a tariff of ₹5.78 per kWh.
This PPA will reduce JSW Energy's open capacity to approximately 5% of its current operational capacity, down from about 8%. This is expected to enhance long-term revenue visibility and reduce risks within the company's generation portfolio.
Following this agreement, JSW Energy's total locked-in generation capacity has increased to 30.5 GW. This comprises 13.3 GW of operational capacity, 12.4 GW under construction (including thermal and renewable projects), 150 MW of hydro capacity under acquisition, and a 4.6 GW development pipeline. Additionally, the company has secured 29.4 GWh of locked-in energy storage capacity, which includes 26.4 GWh of hydro pumped storage projects and 3.0 GWh of battery energy storage systems.
JSW Energy reaffirms its commitment to its strategic objectives of achieving 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030. The company is also on track to achieve carbon neutrality by 2050.
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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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