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JSW Energy’s arm signs power purchase agreement with NTPC

14 Oct 2024 Evaluate

JSW Energy’s step-down subsidiary -- JSW Renew Energy Thirteen has signed Power Purchase Agreement (PPA) with 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 Rs 2.59/KWh. The aforesaid project is expected to be commissioned by June 2026. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 2.0 GW. 

The company 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. It has set an ambitious target of achieving Carbon Neutrality by 2050.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.


JSW Energy Share Price

545.10 -16.00 (-2.85%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 401.70
Tata Power 434.65
Adani Power 213.05
Power Grid Corp 316.25
Torrent Power 1699.30
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