JSW Energy Signs PPA with BESCOM for Solar Project with Battery Storage

JSW Renew Energy Forty Five Limited, a step-down subsidiary of JSW Energy Limited ("the Company"), has signed Power Purchase Agreement with Bangalore Electricity Supply Company (BESCOM) for a grid connected 100MW Solar Project with 100MWh Battery Energy Storage System (BESS).

The aforesaid project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district. The Power Purchase Agreement (PPA) has been signed for a tenure of 25 years at a tariff of ₹4.31 per kWh.

Subsequent to this the Company's total locked-in energy storage capacity stands at 29.4 GWh, including 3.0 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. The Company is wellpositioned to achieve its target of 40 GWh of energy storage by 2030.

Shares of JSW Energy Limited was last trading in BSE at Rs. 517.50 as compared to the previous close of Rs. 532.15. The total number of shares traded during the day was 88495 in over 1920 trades.

The stock hit an intraday high of Rs. 532.55 and intraday low of 511.70. The net turnover during the day was Rs. 46221465.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 JSWRenewEnergyFortyFive PPA BESCOM BESS