JSW Energy Signs PPA for 700 MW ISTS/STU-Connected Solar Capacity with NTPC

JSW Renew Energy Thirteen Limited, a step-down subsidiary of JSW Energy Limited ("The Company"), has signed Power Purchase Agreement ("PPA") with NTPC Limited ("NTPC") for ISTS/STU-connected solar capacity of 700 MW.

The PPA is signed for supply of power for a period of 25 years with a tariff of ₹2.59/KWh. The aforesaid project is expected to be commissioned by Jun-2026. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 2.0 GW.

JSW Energy has total locked-in generation capacity of 18.2 GW comprising of 7.7 GW operational, 2.1 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 GW. The company also has 16.2 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. 706.85 as compared to the previous close of Rs. 728.95. The total number of shares traded during the day was 94805 in over 5094 trades.

The stock hit an intraday high of Rs. 734.95 and intraday low of 705.20. The net turnover during the day was Rs. 67405240.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 JSWRenewEnergyThirteen PPA NTPC