JSW Energy gets 700 MW solar project from SJVN
The project has been secured by its subsidiary JSW Neo Energy Ltd (JSW Neo) against a tariff-based competitive bid invited for setting up of 1,500 MW (Interstate Transmission System) ISTS-connected solar power projects, JSW Energy said in an exchange filing.
JSW Energy on Tuesday said it has bagged a 700 Megawatt (MW) solar project from state-owned SJVN.
The project has been secured by its subsidiary JSW Neo Energy Ltd (JSW Neo) against a tariff-based competitive bid invited for setting up of 1,500 MW (Interstate Transmission System) ISTS-connected solar power projects, JSW Energy said in an exchange filing.
Following the letter of award (LoA) of 700 MW capacity from SJVN Ltd, the company's total locked-in capacity increased to 11.0 Gigawatt (GW) comprising 1.4 GW of solar capacity, it said.
The project is required to supply power of full contracted capacity within 24 months from the effective date of the Power Purchase Agreement (PPA).
Further, JSW Energy said it has a total locked-in generation capacity of 11.0 GW, which includes 7.2 GW in operation, 2.6 GW under construction in wind, thermal, and hydro, and LoAs for 1.2 GW capacity from SECI (Tranche - XVI) and SJVN.
In addition, the company has 3.4 GWh of locked-in energy storage capacity by means of a battery energy storage system and hydro-pumped storage project.
The company expects to have 9.8 GW of operational generation capacity by CY2024, up from the current operational capacity of 7.2 GW.
JSW Energy has set an ambitious target for a 50 per cent reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.
Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:14 PM IST