JSW Energy, through its stepdown subsidiary Energizent Power, has signed a 25-year power purchase agreement (PPA) with NHPC Ltd for 300 MW solar-wind hybrid capacity, connected to the interstate transmission system. The PPA is signed for supply of power at a tariff of INR 3.49/kWh.
The project is spread across Rajasthan and Andhra Pradesh. JSW Energy expects to commission the project within the next 24 months.
JSW Energy has 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 pipeline of 4.6 GW. The company also has 29.3 GWh of locked-in energy storage capacity through 26.4 GWh of hydro pumped storage projects and 2.9 GWh of battery energy storage system.
JSW Energy aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030 and achieve Carbon Neutrality by 2050.
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