JSW Future Energy Ltd signs PPA for 540 MW of Blended Wind capacity with Solar Energy Corporation of India Limited

JSW Future Energy Limited (formerly JSW Solar Limited) (100% subsidiary of JSW Energy Limited) had received Letter of Awards for total Blended Wind capacity of 810 MW from Solar Energy Corporation of India Limited (SECI) in respect of the Tariff based Competitive Bid invited by SECI for setting up of 2500 MW ISTS-connected Blended Wind Power Projects (Tranche - IX).

JSW Renew Energy Limited, wholly owned subsidiary of JSW Future Energy Limited has signed a Power Purchase Agreement with Solar Energy Corporation of India Limited (SECI) for the Contracted Capacity of 540 MW out of total awarded capacity of 810 MW. This is the single largest PPA for wind/blended wind category in the Industry, and marks the foray of the Company into Wind / blended wind energy generation segment.

Shares of JSW Energy Ltd was last trading in BSE at Rs.110.35 as compared to the previous close of Rs. 109.6. The total number of shares traded during the day was 488155 in over 3386 trades.

The stock hit an intraday high of Rs. 113.35 and intraday low of 109. The net turnover during the day was Rs. 54235819.

Source : Equity Bulls

Keywords