JSW Neo Energy Ltd receives Letter of Award for 200 MW Wind-Solar Hybrid Power Project from MSEDCL

JSW Neo Energy Limited (or "JSW Neo"), a wholly owned subsidiary of JSW Energy Limited (or "The Company"), has received Letter of Award (or "LoA") for setting up 200 MW Wind-Solar Hybrid Power Project from Maharashtra State Electricity Distribution Company Limited (or "MSEDCL") against Tariff based Competitive Bid (MSEDCL - Phase III).

As a result of this capacity award, the Company's total locked-in generation capacity has increased to 17.2 GW, which includes a total locked-in Hybrid capacity of 2.9 GW (including FDRE). The Company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. This project enhances the company's energy solution offerings and supports its transition towards becoming an energy products and services company.

JSW Energy has total locked-in generation capacity of 17.2 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 7.3 GW (PPAs signed for 2.3 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

Shares of JSW Energy Limited was last trading in BSE at Rs. 715.40 as compared to the previous close of Rs. 703.50. The total number of shares traded during the day was 82942 in over 2436 trades.

The stock hit an intraday high of Rs. 720.55 and intraday low of 702.20. The net turnover during the day was Rs. 59044630.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 JSWNeoEnergy LoA MSEDCL WindSolar HybridPowerProject