JSW Energy and SECI signs Power Purchase Agreement for 25-years
JSW Neo Energy, a subsidiary of JSW Energy, has signed a 25-year PPA with SECI for 230 MW Firm and Dispatchable Renewable Energy at a tariff of Rs 4.98/kWh. This deal boosts JSW Energy’s total locked-in generation capacity to 30.2 GW.
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JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI– FDRE Tranche IV scheme.
This is one of the Company’s first PPA for a FDRE project. The agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh.
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With this, the Company’s total under-construction capacity stands at 12.9 GW, and its total locked-in generation capacity now stands at 30.2 GW. JSW Energy remains well positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030.
Read Also : BPCL to give compensation of Rs 1 crore to CPCB for breaching timelines guidelinesMr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy “We are proud to announce the signing of our first Power Purchase Agreement for a loadfollowing Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy’s commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. With this project, we are strengthening our energy products and services offering while supporting the country’s energy transition goals.”
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