JSW Energy plans to add 2,600 MW RE capacity by 2023
POWER & RENEWABLE ENERGY

JSW Energy plans to add 2,600 MW RE capacity by 2023

Energy major JSW Energy is planning to add 2,600 MW renewable power generation capacity to its portfolio by 2023.

With this addition, the share of JSW's renewable power will increase to 55% of the overall portfolio from the present 30%.

Renewable projects such as wind, solar and hydel, will help the 4,600 MW power generation company reduce its carbon footprint.

JSW Solar Ltd, a wholly-owned subsidiary of JSW Energy, received a Letter of Awards (LoAs) for setting up a total blended wind capacity of 810 MW from Solar Energy Corporation Ltd (SECI).

The total project cost is expected to be Rs 4,700-4,800 crore. The project will be financed at a 70-30 debt-equity ratio.

JSW Energy (Kutehr) Ltd is developing 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 (HERC) has recently approved power procurement. The company has been in negotiations with the state distribution company for finalising the 35-year power purchase agreement (PPA).

The Central Electricity Authority (CEA) recently permitted the upgradation of the Karcham Wangtoo Hydro Electric Power Plant of JSW Hydro Energy from 1,000 MW to 1,091 MW.

JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised Rs 5,161 crore through green bonds abroad. JSW Hydro Energy has priced the fixed-rate senior secured green 144A/Reg S Bond for a 10-year duration at 4.12%. The proceeds from the issuance will be used towards repayment of existing green project-related rupee-denominated indebtedness.

JSW Energy had reduced its net debt to Rs 6,719 crore from Rs 7,671 crore in the October-December 2020 quarter. The share price of the company has moved up 30% to Rs 120 in the last one month.

Image Source


Also read: JSW Hydro Energy raises $707 mn via dollar green bonds

Energy major JSW Energy is planning to add 2,600 MW renewable power generation capacity to its portfolio by 2023. With this addition, the share of JSW's renewable power will increase to 55% of the overall portfolio from the present 30%. Renewable projects such as wind, solar and hydel, will help the 4,600 MW power generation company reduce its carbon footprint. JSW Solar Ltd, a wholly-owned subsidiary of JSW Energy, received a Letter of Awards (LoAs) for setting up a total blended wind capacity of 810 MW from Solar Energy Corporation Ltd (SECI). The total project cost is expected to be Rs 4,700-4,800 crore. The project will be financed at a 70-30 debt-equity ratio. JSW Energy (Kutehr) Ltd is developing 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 (HERC) has recently approved power procurement. The company has been in negotiations with the state distribution company for finalising the 35-year power purchase agreement (PPA). The Central Electricity Authority (CEA) recently permitted the upgradation of the Karcham Wangtoo Hydro Electric Power Plant of JSW Hydro Energy from 1,000 MW to 1,091 MW. JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised Rs 5,161 crore through green bonds abroad. JSW Hydro Energy has priced the fixed-rate senior secured green 144A/Reg S Bond for a 10-year duration at 4.12%. The proceeds from the issuance will be used towards repayment of existing green project-related rupee-denominated indebtedness. JSW Energy had reduced its net debt to Rs 6,719 crore from Rs 7,671 crore in the October-December 2020 quarter. The share price of the company has moved up 30% to Rs 120 in the last one month. Image Source Also read: JSW Hydro Energy raises $707 mn via dollar green bonds

Next Story
Infrastructure Urban

FIMI seeks urgent RoDTEP extension for aluminium exporters

"The Federation of Indian Mineral Industries (FIMI) has urged the Ministry of Commerce and Industry to extend the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme for aluminium-producing units operating under Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zones (SEZs).This appeal follows a similar request made by the Aluminium Association of India (AAI) to the Ministry of Finance, citing the need to safeguard the competitiveness of nearly 45 per cent of India’s aluminium exports originating from AA/EOU/SEZ units.In a letter to Commerce Secretary..

Next Story
Real Estate

Mumbai logs over 12,000 property deals in April; revenue nears Rs 9.9 bn

Mumbai (BMC limits) is set to clock over 12,142 property registrations in April 2025, contributing more than Rs 9.9 billion in state revenue, according to Knight Frank India. This marks the city’s strongest April performance in 13 years, registering a 4 per cent year-on-year rise in volumes. However, stamp duty revenue dipped by 6 per cent during the same period.Residential transactions continue to dominate, accounting for 80 per cent of total registrations. Notably, premium housing gained momentum, with the share of properties priced above Rs 2 crore rising from 22 per cent to 25 per cent, ..

Next Story
Real Estate

MHADA to issue redevelopment NOCs within 6 weeks: Jaiswal

In a major boost to Mumbai’s redevelopment momentum, Mr. Sanjeev Jaiswal, IAS, Vice President and CEO of MHADA, announced that No Objection Certificates (NOCs) for the redevelopment of old cessed buildings submitted under Section 79A(1a) or 79A(1b), along with 51 per cent resident consent, will be issued within six weeks. The directive, declared at MHADA’s 2nd Redevelopment Conference and Investors Summit, brings these approvals under the Right to Service Act. If delayed beyond the stipulated timeframe, the NOC will be deemed approved.The event, held at MIG Club, Bandra (East), brought tog..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?