Team News Riveting
Mumbai, September 15
JSW Future Energy Limited (earlier known as JSW Solar Limited), a wholly owned subsidiary of JSW Energy Limited, has signed Power Purchase Agreements with Solar Energy Corporation of India (SECI) for the cumulative Contracted Capacity of 450 MW.
The JSW Future Energy Limited (JSWFEL) had received Letters of Award for a total Wind capacity of 450 MW from Solar Energy Corporation of India Limited (SECI) against Tariff based Competitive Bid invited by SECI for setting up of 1200 MW ISTS-connected Wind Power Projects (Tranche – X).
“We now wish to inform you that JSW Renew Energy Two Limited, a Project SPV formed by JSW Future Energy Limited (100% subsidiary of JSW Energy Limited) has signed Power Purchase Agreements with SECI for the cumulative Contracted Capacity of 450 MW awarded against the above mentioned bid,” the company said.
With the signing of this PPA, about 2,218 MW of PPAs for Wind and Solar projects have been signed by various subsidiaries of the Company in the past few months, and marks a major
milestone in the Company’s transition to become predominantly a renewables driven player.
The Company through its wholly owned subsidiaries i.e. JSW Future Energy Limited and JSW Hydro Energy Limited is presently constructing various renewable power projects to the tune of
2.5 GW, with a vision to achieve a total power generation capacity of 20 GW by the year 2030, when the share of renewables in the total capacity will increase to ~ 85% (from 30% currently).
