JSW Energy gets 700 MW solar project from SJVN
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JSW Energy said it has a total generation capacity of 11.0 GW, which includes 7.2 GW in operation, 2.6 GW under construction across wind, thermal and hydro and LOAs for 1.2 GW capacity from SECI and SJVN.
New Delhi. JSW Energy has bagged a 700 MW solar project from public sector SJVN Ltd. The project was awarded through tariff-based competitive bidding invited by its subsidiary JSW Neo Energy Ltd (JSW Neo) for setting up 1,500 MW (interstate transmission system) ISTS-linked solar power projects, JSW said in a stock exchange filing on Tuesday. has been achieved. Following the letter of authority (LOA) for 700 MW capacity from SJVN Ltd, the company’s total capacity increased to 11.0 gigawatt (GW), of which 1.4 GW is solar capacity, the company said.
The project has to supply power of full contracted capacity within 24 months from the effective date of Power Purchase Agreement (PPA). JSW Energy said it has a total 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 – 16) and SJVN. Additionally, the company has an energy storage capacity of 3.4 GW through battery energy storage system and hydro-pumped storage project. The company expects to have 9.8 GW of operational generation capacity by the end of 2024. The company’s current operating capacity is 7.2 GW.
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