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JSW Energy signs its first FDRE PPA with SECI

JSW Neo Energy, a wholly owned subsidiary of JSW Energy Limited has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for the supply of 230 megawatts (MW) ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI– FDRE Tranche IV scheme, according to a BSE filing.

This marks the company’s first PPA for a FDRE project. The agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kilowatt hour (kWh).

With this, the company’s total under-construction capacity stands at 12.9 gigawatts (GW), and its total locked-in generation capacity now stands at 30.2 GW.

JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030.