JSW’s 25-Year Energy Play: ₹4.98/kWh Tariff Sparks Renewable Momentum

JSW Energy Ltd has taken a decisive step in expanding its renewable footprint by signing a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 230 MW renewable energy supply.

Key Highlights:

- The agreement was secured through a competitive bidding process under SECI’s FDRE-IV scheme, aimed at firm and dispatchable renewable energy.

- Power will be supplied at a fixed tariff of 4.98 rupees per kilowatt-hour, ensuring long-term price stability.

- The project will be connected to the Inter-State Transmission System (ISTS), enhancing grid reliability and national energy distribution.

Strategic Impact:

- With this contract, JSW Energy’s total locked-in generation capacity rises to 16.4 GW, reinforcing its target of 10 GW operational capacity by FY25.

- The move aligns with India’s clean energy goals and JSW’s ambition to reach 20 GW by 2030.

Sources: Business Standard, Economic Times Energy, JSW Energy Exchange Filings.