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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)