JSW Energy Signs First FDRE PPA with SECI for 230 MW Project

JSW Energy, through its subsidiary JSW Neo Energy Limited, has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme. This is the company's first PPA for a FDRE project, with a tariff of 4.98 per kWh for a tenure of 25 years. This agreement increases the company's total under-construction capacity to 12.9 GW and its total locked-in generation capacity to 30.2 GW, aligning with its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030.