JSW Neo Energy Signs 25-Year PPA with SECI for 230 MW Firm Renewable Project

JSW Neo Energy Limited and SECI have signed a Power Purchase Agreement for a 230 MW Firm and Dispatchable Renewable Energy project. The agreement is for 25 years and has a tariff of ₹4.98 per kWh. This is JSW Energy’s foray into the FDRE sector. With this, the under-construction capacity of the company has increased to 12.90 GW.

Speaking on this, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said, “We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy’s commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. With this project, we are strengthening our energy products and services offering while supporting the country’s energy transition goals.”