JSW Energy Seals 700 MW Solar Deal with SJVN

JSW Energy has entered into a power purchase agreement with SJVN for a 700 megawatt solar project in Rajasthan. The project is set to be commissioned in 24 months, with a 25-year supply at Rs 2.52/KWh. The project contributes to JSW Energy's 13.9 GW locked-in capacity.

In a significant move towards renewable energy, JSW Energy announced on Monday the signing of a power purchase agreement with state-owned SJVN for a 700 megawatt interstate transmission system (ISTS) solar project in Rajasthan.

The project is scheduled for commissioning within the next 24 months, according to a statement from JSW Energy. The agreement, handled by JSW Renew Energy (Raj) Limited—a wholly-owned stepdown subsidiary of JSW Energy—ensures the supply of power for a period of 25 years at a tariff of Rs 2.52/KWh.

This new agreement boosts JSW Energy's total locked-in capacity to 13.9 GW, with the solar segment now accounting for 3.5 GW. Notably, the company has not disclosed any financial details pertaining to the project.