JSW Energy rose 1.62% to Rs 465.20 after its subsidiary, JSW Energy (Utkal), signed a power purchase agreement (PPA) with multiple Karnataka DISCOMs for supplying 400 MW of power, effective from 1 April 2026.
The PPA spans 25 years with a tariff of Rs 5.78 per kWh. With this agreement, JSW Energy’s open capacity has reduced to approximately 5% of its current operational capacity, down from around 8%, enhancing long-term revenue visibility and reducing risks in its generation portfolio.
JSW Energy’s total locked-in generation capacity now stands at 30.5 GW, which includes 13.3 GW of operational capacity, 12.4 GW under construction across thermal and renewable projects, 150 MW of hydro capacity under acquisition, and a 4.6 GW development pipeline. The company also holds 29.4 GWh of locked-in energy storage capacity, comprising 26.4 GWh of pumped hydro storage projects and 3.0 GWh of battery energy storage systems.
A private sector power producer in India and part of the JSW Group, JSW Energy has a strong presence across the power sector value chain with diversified generation and transmission assets.
JSW Energy’s recent PPA with Karnataka DISCOMs significantly strengthens its long-term revenue visibility and reduces portfolio risks, while its diversified generation and storage capacity positions the company for sustained growth across India’s power sector.
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
