"JSW Energy Subsidiary Signs 300 MW Solar Power Purchase Agreement in Karnataka"

JSW Renew Energy Twenty Limited, a wholly-owned subsidiary of JSW Energy, has secured a Power Purchase Agreement (PPA) with Bangalore Electricity Supply Company Limited (BESCOM) for a 300 MW solar project at Pavagada Solar Park in Karnataka. The agreement guarantees power supply at a tariff of ₹2.89 per kWh until FY 2044, with the project slated for commissioning within 18 months.

The PPA follows a letter of award received from Karnataka Renewable Energy Development Limited (KREDL) on July 22, 2024. With this latest addition, JSW Energy’s solar pipeline capacity now totals 3.2 GW, with PPAs signed for 1.3 GW.

The company’s overall locked-in generation capacity has reached 16.7 GW, which includes 7.5 GW of operational capacity and 2.3 GW under construction across various energy sectors. JSW Energy is targeting a generation capacity of 20 GW by 2030.

HBL