JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has entered into a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for the supply of 230 MW of Firm and Dispatchable Renewable Energy (FDRE) through the Inter-State Transmission System (ISTS). This agreement, finalized under SECI’s FDRE Tranche IV scheme, represents the company’s inaugural contract in the FDRE segment. The tariff has been set at ₹4.98 per kilowatt-hour.
With this new addition, JSW Energy’s projects under development now total 12.9 GW, bringing the company’s total committed power generation capacity to 30.2 GW. The company remains on track to meet its long-term goals of reaching 30 GW of installed generation capacity and 40 GWh of energy storage by 2030.
“This agreement marks an important step in our efforts to deliver flexible and reliable renewable power solutions,” said Sharad Mahendra, Joint Managing Director and CEO of JSW Energy. “It reflects our focus on meeting the evolving needs of our customers while contributing to India’s broader energy transition objectives.”
JSW Energy is a major player in India’s private power sector and forms part of the $23 billion JSW Group, which also operates in industries such as steel, cement, infrastructure, and sports. The company has a diverse presence across the power value chain, including generation and transmission assets.
Since commissioning its first thermal power plant in Vijayanagar, Karnataka in 2000, JSW Energy has steadily increased its operational capacity from 260 MW to 12.8 GW. The company continues to expand with projects across various locations and energy sources, aiming to build a balanced and sustainable energy portfolio.
JSW Energy Ltd is one of India’s prominent private sector power companies and is part of the USD 24 billion JSW Group, with interests spanning steel, energy, infrastructure, cement, and sports. Since commencing commercial operations in 2000, JSW Energy has grown its installed capacity from 260 MW to 10 GW, ahead of its FY25 goal. The company is currently building an additional 7.5 GW, aiming to achieve a total capacity of 20 GW well before 2030. JSW Energy operates across the power sector value chain with a focus on responsible growth, efficient operations, and long-term value creation for stakeholders.
