JSW Energy has signed a power purchase agreement (PPA) with multiple Karnataka DISCOMs to supply 400 MW of power for a period of 25 years. In an exchange filing, the company said that the tariff for the power supply is fixed at Rs 5.78 kWh.
Further, the JSW Group company said that with this power purchase agreement, its open capacity has reduced to about 5 per cent of the current operational capacity from about 8 per cent.
The company added that the PPA further strengthens its long-term revenue visibility and de-risks its generation portfolio.
JSW Energy’s current power generation capacity
JSW Energy stated that its total locked-in generation capacity stands at 30.5 GW, comprising 13.3 GW of operational capacity, 12.4 GW of projects under construction across both thermal and renewable sources, 150 MW of hydro capacity under acquisition, and a 4.6 GW development pipeline.
The Company also has 29.4 GWh of locked-in energy storage capacity, including 26.4 GWh of hydro pumped storage projects and 3.0 GWh of battery energy storage systems.
JSW Energy share price
JSW Energy’s stock opened at Rs 457.8 on Friday morning. The stock gained about 5.5 per cent in the intra-day trade and closed at Rs 483. In the last one month, JSW Energy’s share price has declined by 8.5 per cent.