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JSW Energy’s arm inks PPA with Karnataka DISCOMs

12 Dec 2025 Evaluate

JSW Energy’s subsidiary -- JSW Energy (Utkal) has signed a Power Purchase Agreement (PPA) with multiple Karnataka DISCOMs for the supply of 400 MW of power. The PPA has a tenure of 25 years, starting April 1, 2026, and a tariff rate of Rs 5.78 per kWh. With this PPA, the company’s open capacity reduces to around 5 per cent of the current operational capacity from about 8 per cent, further strengthening long-term revenue visibility and de-risking the Company’s generation portfolio. 

The company’s total locked-in generation capacity now stands at 30.5 GW, comprising 13.3 GW of operational capacity, 12.4 GW under construction across thermal and renewable projects, 150 MW of hydro capacity under acquisition, and a 4.6 GW development pipeline. The company also has 29.4 GWh of locked-in energy storage capacity, including 26.4 GWh of hydro pumped storage projects and 3.0 GWh of battery energy storage systems. The company remains committed to its strategic goals of achieving 30 GW of generation capacity and 40 GWh of energy storage capacity by FY2030 and is on track to achieve 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

566.65 4.00 (0.71%)
05-May-2026 10:06 View Price Chart
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