JSW Neo Energy, a wholly owned subsidiary of JSW Energy, on Friday announced that it has received a letter of award for setting up 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC Limited against Tariff based Competitive Bid invited for setting 1,000 MW ISTS-connected Wind-Solar Hybrid Power Projects (NTPC-Tranche-VI).
Following this capacity award, its total locked-in generation capacity has risen to 16.7 GW, which includes a total locked-in Hybrid capacity of 2.6 GW (including FDRE), it said in a regulatory filing. The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently.
Meanwhile, in another announcement, JSW Energy said that its wholly owned step down subsidiary, JSW Renew Energy Twenty Limited has signed a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company Limited (BESCOM) for solar capacity of 300 MW awarded by Karnataka Renewable Energy Development Limited (KREDL).
“The PPA is signed for supply of power until FY 2044 with a tariff of Rs 2.89/KWh. The aforesaid project is located in Pavagada Solar Park, Karnataka and is expected to be commissioned in next 18 months. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 1.3 GW,” it said in an exchange filing.
JSW Energy has total locked-in generation capacity of 16.7 GW comprising 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.9 GW (PPAs signed for 2.0 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project.
