New Launch16 Oct 2025, 08:31 pm
JSW Energy (Utkal) Secures 400 MW Power Supply Arrangement with Power Company of Karnataka Limited
AI Summary
JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Ltd, has received a Letter of Award from Power Company of Karnataka Limited for a 400 MW, 25 years power supply arrangement from 1st April, 2026. The coal will be procured from Coal India Limited under SHAKTI Scheme 2017. This arrangement will ensure significant long-term earnings stability for the plant, accounting for 57% of Utkal's total capacity. JSW Energy has a total locked-in generation capacity of 30.5 GW and aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030, targeting Carbon Neutrality by 2050.
Key Highlights
- JSW Energy (Utkal) received a Letter of Award for a 400 MW, 25-year power supply arrangement from Power Company of Karnataka Limited.
- Coal will be procured from Coal India Limited under SHAKTI Scheme 2017.
- This arrangement will account for 57% of Utkal's total capacity, ensuring significant long-term earnings stability.
- JSW Energy has a total locked-in generation capacity of 30.5 GW and aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030.
- JSW Energy is targeting Carbon Neutrality by 2050.