JSW Signs Single Largest PPA with SECI for Blended Wind Energy Generation

JSW Energy, through its arm JSW Renew Energy, has forayed into the blended wind energy generation segment with the signing of its single largest Power Purchase Agreement (PPA) in the industry with state-owned Solar Energy Corporation of India Ltd (SECI).

JSW Renew Energy, a wholly owned subsidiary of JSW Future Energy, has signed a PPA for the contracted capacity of 540 MW out of the total awarded capacity of 810 MW.

JSW Future Energy Ltd, formerly JSW Solar Ltd, is a 100 per cent subsidiary of JSW Energy Ltd.

Earlier on September 25, 2020, the company had received a Letter of Awards (LoA) for total blended wind energy capacity of 810 MW from SECI in respect of the tariff based competitive bid invited for setting up of 2500 MW ISTS-connected blended wind power projects (Tranche - IX).

However, for the remaining 270 MW of capacity won by the company talks are currently underway with SECI, as per the reports.

Meanwhile, scrips of JSW Energy were trading at 118.05 apiece, up 7.07 per cent, from the previous close on the exchange at 13:25 hours on Wednesday.