JSW Energy (Utkal) Ltd., a subsidiary of JSW Energy, has signed Power Purchase Agreements with multiple Karnataka DISCOMs for the supply of 400 MW of power. The agreement will commence on April 1, 2026, and run for 25 years at a tariff of INR 5.78 per kWh.

Impact on Company's Open Capacity

The new PPA significantly reduces JSW Energy's open capacity from approximately 8 percent to about 5 percent of the current operational capacity. According to the company's statement, this development strengthens long-term revenue visibility and de-risks the company's generation portfolio.

Total Generation Capacity Portfolio

JSW Energy's total locked-in generation capacity now stands at 30.5 GW. This comprehensive portfolio comprises 13.3 GW of operational capacity and 12.4 GW under construction across thermal and renewable projects. Additionally, the company has 150 MW of hydro capacity under acquisition and maintains a 4.6 GW development pipeline.

Energy Storage Capacity

The company has secured 29.4 GWh of locked-in energy storage capacity. This storage portfolio includes 26.4 GWh of hydro pumped storage projects and 3 GWh of battery energy storage systems.

Strategic Goals and Timeline

JSW Energy remains committed to achieving 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030. The company has also set a target to achieve carbon neutrality by 2050 as part of its long-term strategic objectives.

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