Power Generation Company Signs PPA for 300 MW Solar-Wind Hybrid Capacity with NHPC Ltd
The stock is up by 24 per cent from its 52-week low of Rs 419.10 per share.
JSW Energy Limited, through its step-down subsidiary Energizent Power Private Limited, has signed a power purchase agreement (PPA) with NHPC Limited for ISTS-connected 300 MW Solar-Wind Hybrid Capacity. The PPA is signed for the supply of power for 25 years with a tariff of Rs 3.49/kWh. The aforesaid project is expected to be commissioned in the next 24 months and is located in Rajasthan and Andhra Pradesh.
JSW Energy has a total locked-in generation capacity of 29.9 GW, comprising 12.5 GW operational, 12.8 GW under construction across wind, thermal and hydro and a pipeline of 4.6 GW. The company also has 29.3 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4 GWh and a battery energy storage system of 2.9 GWh. The Company aims to reach 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030 and achieve Carbon Neutrality by 2050.
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About JSW Energy Ltd
JSW Energy Ltd., a prominent private sector power producer in India and part of the USD 23 billion JSW Group, has diversified assets spanning power generation and transmission. The company, which began commercial operations in 2000 with its 2x130 MW thermal power plants in Vijayanagar, Karnataka, has significantly expanded its power generation capacity from 260 MW to 12.5 GW. JSW Energy is actively constructing projects totalling 12.8 GW, with an ambitious vision to reach a total power generation capacity of 30 GW by 2030, supported by strong operations, robust corporate governance, and prudent capital allocation strategies.
The company has a market cap of over Rs 90,000 crore and has been maintaining a healthy dividend payout of 20 per cent. As of March 2025, the Life Insurance Corporation of India (LIC) owns a 6.57 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.