JSW Energy signs first FDRE power purchase agreement with SECI for 230 MW project
JSW Energy Limited, through its wholly owned subsidiary JSW Neo Energy, has signed its first Power Purchase Agreement (PPA) under the SECI-FDRE Tranche IV scheme with the Solar Energy Corporation of India (SECI) for a 230 MW Firm and Dispatchable Renewable Energy (FDRE) project.
The agreement has a tenure of 25 years at a tariff of ₹4.98/kWh, and is JSW Energy's first step into the load-following FDRE space, marking a significant milestone in its renewable energy strategy.
With the addition of this agreement, the company's under-construction capacity has reached 12.9 GW, bringing its total locked-in generation capacity to 30.2 GW. JSW Energy reiterated its goal of achieving 30 GW of installed generation capacity and 40 GWh of energy storage by 2030, staying aligned with India's renewable energy transition targets.
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, commented, 'This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals.'
JSW Energy is among India's leading private power producers, operating across the power value chain with diversified assets in generation and transmission. The company has evolved from a 260 MW thermal base in 2000 to a robust and geographically diverse capacity of over 12.8 GW today.
Disclaimer: This article is based on information from a regulatory filing and official press release by JSW Energy dated July 25, 2025.
Ahmedabad Plane Crash
Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at BusinessUpturn.com. You can write to her at [email protected]
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