The upcoming projects in renewable segments including – wind, solar and hydel will help the 4,600 MW power generation company in reducing its carbon footprint
May 15, 2021
A Division of JSW Group, JSW Energy plans to add 2,600 MW renewable power generation capacity to its portfolio by the year 2023. With this enhancement, the share of its renewable power will increase to 55 percent of the overall portfolio from the present share of 30 percent.
The renewable projects in the segments including – wind, solar, and hydel will enable the 4,600 MW power generation company in reducing its carbon footprint. JSW Solar Ltd, which is a wholly-owned subsidiary of JSW Energy, has received a Letter of Awards for setting up a total blended wind capacity of 810 MW from Solar Energy Corporation Limited (SECI). The total project outlay is expected to be worth Rs 4,700-4,800 crore. The project will be financed at a 70:30 debt-equity ratio.
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In addition, JSW Energy (Kutehr) Ltd is building a 240 MW hydropower capacity at a cost of Rs 2,750 crore to supply to the state of Haryana. The Haryana Electricity Regulatory Commission has recently approved the said power procurement. The company has been in negotiations with the state discom for finalizing the 35-year power purchase agreement (PPA).
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Also, JSW Energy has announced that its arm JSW Hydro Energy has raised USD 707 million through green bonds abroad.
