JSW Energy inks pact with SECI for 700 MW solar project

JSW Energy connected Wednesday said its limb JSW Renew Energy Eleven inked a Power Purchase Agreement with Solar Energy Corporation of India (SECI) to proviso powerfulness from its 700 MW star project.

The powerfulness acquisition statement (PPA) is signed for the proviso of powerfulness for a play of 25 years with a tariff of Rs 2.56/kWh. The task is expected to beryllium commissioned wrong 24 months, according to a institution statement.

JSW Renew Energy Eleven Ltd, a step-down a subsidiary of JSW Energy, has signed a PPA with SECI, for ISTS connected 700 MW star capableness awarded nether SECI Tranche XIII, the connection said.

JSW Energy aims to execute 10 GW operational capableness by FY25 and presently has 7.9 GW of operational capableness dispersed crossed thermal, hydro and RE. The institution besides has 16.2 GWh of locked-in vigor retention capableness done a artillery vigor retention strategy and hydro-pumped retention project.

The institution aims to scope 20 GW procreation capableness and 40 GWh of vigor retention capableness earlier 2030. JSW Energy has acceptable an ambitious people of achieving c neutrality by 2050.