JSW Energy Ltd.

BSE: 533148 | NSE: JSWENERGY
Mid Cap | Power Generation/Distribution
550.10
-15.35 (-2.71%)
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JSW Energy’s arm gets LoA from NTPC

Date: 07-12-2024

JSW Energy’s wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) from NTPC for setting up 400 MW ISTS connected Solar Power Project against Tariff based Competitive Bid invited for setting 1,500 MW ISTS-connected Solar Power Projects (NTPC-ISTS-III). Subsequent to this, the company's total locked-in generation capacity increases to 19.6 GW of which 4.4 GW comprises of Solar projects.

The company aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.7 GW of operational capacity spread across thermal, hydro and RE. 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. The company 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.