-3.75 (-0.70%) JSW Energy’s step down subsidiary -- JSW Renew Energy (JSWREL) has signed a Power Purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for the balance Contracted Capacity of 270 MW out of the total awarded capacity of 810 MW.
With the signing of this PPA, the entire 810 MW awarded capacity is tied up with SECI and marks a milestone in the Company’s endeavor to transition to become predominantly a Renewable Energy player. Earlier, JSW Future Energy (‘JSWFEL’; formerly JSW Solar), a 100% subsidiary of the Company, had received Letter of Awards for total Blended Wind capacity of 810 MW from SECI.
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.