JSW Energy Signs PPA for 300 MW Solar-Wind Hybrid Capacity with NHPC

JSW Energy Limited (or "The Company"), through its stepdown subsidiary Energizent Power Private Limited, has signed Power Purchase Agreement (or "PPA") with NHPC Limited for ISTS-connected 300 MW Solar-Wind Hybrid Capacity.

The PPA is signed for supply of power for a period of 25 years with a tariff of ₹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 total locked-in generation capacity of 29.9 GW comprising of 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 hydro pumped storage projects of 26.4 GWh and battery energy storage system of 2.9 GWh. The Company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030 and achieve Carbon Neutrality by 2050.

Shares of JSW Energy Limited was last trading in BSE at Rs. 508.10 as compared to the previous close of Rs. 504.45. The total number of shares traded during the day was 125968 in over 3362 trades.

The stock hit an intraday high of Rs. 513.00 and intraday low of 506.55. The net turnover during the day was Rs. 64166784.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 EnergizentPower PPA NHPC