Latest news with #SharadMahendra
United News of India
3 days ago
- Business
- United News of India
JSW Neo Energy inks power purchase deal with SECI
Mumbai, July 26 (UNI) JSW Energy officially announced here that its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). "We are proud to announce the signing of our first Power Purchase Agreement (PPA) for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our off takers. With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals," JSW Energy Joint Managing Director & CEO Sharad Mahendra said. According to a company statement, the deal would enable the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, adding that this development marks the company's first PPA for an FDRE project. The agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh, according to the statement. After this development, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity is at 30.2 GW. The deal ensures that JSW Energy is well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. UNI XC RKM More News Samsung in talks with OpenAI and Perplexity AI for powering its upcoming Galaxy S26 series 26 Jul 2025 | 10:56 PM New Delhi, July 26 (UNI) Samsung Electronics is currently involved in strategic talks with OpenAI and Perplexity AI to integrate advanced services in its upcoming Galaxy S26 series. This move is intended to expand the service horizon beyond 'Google Gemini' and provide a great experience to mobile users. see more.. Big win for UP's urban poor: PMAY gets Rs 12,031 Cr boost 26 Jul 2025 | 9:42 PM Lucknow, July 26 (UNI) In a major push towards 'Housing for All', the double engine government has secured financial approval of Rs 12,031 crore under PMAY (Urban) Mission 2.0, officials here on Saturday said. see more..
Time of India
5 days ago
- Business
- Time of India
JSW Energy subsidiary signs PPA with SECI under FDRE scheme
JSW Energy , in a regulatory filing on Friday, said that its subsidiary, JSW Neo Energy, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The PPA is for the supply of 230 MW of Inter-State Transmission System (ISTS) connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI– FDRE Tranche IV scheme. JSW Neo Energy will supply power for 25 years at a tariff of ₹4.98 per kilowatt-hour (kWh). Under the terms of the agreement, JSW Neo Energy will supply power for 25 years at a tariff of ₹4.98 per kilowatt-hour (kWh). This latest agreement increases JSW Energy's total under-construction capacity to 12.9 GW, with its total locked-in generation capacity reaching 30.2 GW. The company is now well-positioned to achieve its strategic targets of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. 'We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers,' said Sharad Mahendra, joint managing director (MD) & CEO of JSW Energy. JSW Energy's shares were trading 1.77per cent lower at ₹522.75 on the Bombay Stock Exchange (BSE) on Friday at 1:55pm.
Time of India
5 days ago
- Business
- Time of India
JSW Energy signs power purchase agreement with SECI for FDRE project
New Delhi: JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India ( SECI ). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project . Explore courses from Top Institutes in Please select course: Select a Course Category Management Leadership Project Management Technology Operations Management Product Management Cybersecurity Data Science CXO Degree Artificial Intelligence Public Policy healthcare Digital Marketing PGDM Data Analytics Design Thinking Others Healthcare Finance Data Science MBA MCA others Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy the Dip: Top 5 Dividend Stocks with Growth Potential Seeking Alpha Read More Undo With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. Live Events "We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. 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," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said.
News18
5 days ago
- Business
- News18
JSW Energy signs power purchase agreement with SECI for FDRE project
New Delhi, Jul 25 (PTI) JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project. According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. 'We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. 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," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said. PTI KKS DRR First Published: July 25, 2025, 10:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
5 days ago
- Business
- Business Upturn
JSW Energy signs first FDRE power purchase agreement with SECI for 230 MW project
By Arunika Jain Published on July 25, 2025, 08:50 IST 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 You can write to her at [email protected]
