-15.35 (-2.71%) JSW Energy’s step-down subsidiary--JSW Renew Energy Forty Five has signed Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company (BESCOM) for a grid connected 100MW Solar Project with 100MWh Battery Energy Storage System (BESS). The aforesaid project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district. The PPA has been signed for a tenure of 25 years at a tariff of Rs 4.31 per kWh.
Subsequent to this the company's total locked-in energy storage capacity stands at 29.4 GWh, including 3.0 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. The company is well-positioned to achieve its target of 40 GWh of energy storage by 2030.
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.