JSW Energy Commissions Second 80 MW Unit of 240 MW Kutehr Hydro Plant

JSW Energy Limited ("The Company") is pleased to announce the successful commissioning of the second 80 MW Unit of its 240 MW (3 x 80 MW) Kutehr Hydroelectric Power Plant, taking the commissioned capacity at Kutehr plant to 160 MW. Power dispatch to Haryana has commenced from 160 MW capacity, marking a key milestone for the project. The last 80 MW unit is expected to be commissioned soon.

The plant is situated in Chamba district of Himachal Pradesh and is amongst one of the fastest built greenfield hydro projects in India. The project is backed by a long-term Power Purchase Agreement with Haryana Power Purchase Centre (HPPC) for the entire 240 MW at a levelized ceiling tariff of ₹4.50/kWh, valid for 35 years with provisions for extension. Power generated will supply Haryana's state distribution utilities - Uttar Haryana Bijli Vitran Nigam and Dakshin Haryana Bijli Vitran Nigam.

With this capacity addition, the installed hydro capacity stands at 1,551 MW, solar at 2,157 MW, Wind at 3,562 MW, taking the share of renewables to 56%.

Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy "We are proud to inform the successful commissioning of the second 80 MW unit of the Kutehr Hydroelectric Power Plant taking the commissioned capacity to 160 MW. We expect the last unit to be commissioned soon. The timing helps us to capitalise on high water inflows during the peak generation season and reinforces our strong project execution capabilities."

JSW Energy has total locked-in generation capacity of 30.3 GW comprising of 12.9 GW operational, 12.8 GW under-construction across thermal and renewable and has pipeline of 4.6 GW. The company also has 29.4 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4 GWh and battery energy storage system of 3.0 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. 533.75 as compared to the previous close of Rs. 537.65. The total number of shares traded during the day was 127575 in over 3172 trades.

The stock hit an intraday high of Rs. 541.70 and intraday low of 521.95. The net turnover during the day was Rs. 67815493.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 ElectricUtilities 80MW 240MW KutehrHydroPlant