JSW Energy announced today its arm JSW Neo Energy has received a Letter of Award for setting up 400 MW interstate transmission system (ISTS) connected solar power project. The project has been awarded by NTPC.
JSW secured the project through tariff-based competitive bid in NTPC’s tender for setting 1,500 MW of ISTS-connected solar power projects.
With this addition, JSW’s total locked-in generation capacity increases to 19.6 GW including 4.4 GW from solar projects.
JSW Energy aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.7 GW of operational capacity spread across thermal, hydro and RE. The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. It aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy targets carbon neutrality by 2050.
