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JSW Energy Share Price Gains 5% After Securing 1.6 GW Power Project from WBSEDCL

Written by: Team Angel OneUpdated on: Feb 5, 2025, 2:47 PM IST
JSW Energy secures a 1.6 GW coal-based thermal power project from WBSEDCL, reaching a milestone of 30 GW total capacity, with 9 GW in thermal.
JSW Energy Share Price Gains 5% After Securing 1.6 GW Power Project from WBSEDCL
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JSW Energy has received a Letter of Award (LoA) from the West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the development and operation of a 1,600 MW (2×800 MW) super/ultra-supercritical coal-based thermal power plant. The project, awarded through a competitive bidding process, will utilise domestic coal allocated under the SHAKTI B (iv) policy.

The share price of JSW Energy has gained 5% as of 12:25 PM on February 5, 2025.

JSW Energy Reaches 30 GW Capacity Milestone

With this latest project win, JSW Energy has achieved a total locked-in generation capacity of 30 GW, of which 9 GW comes from thermal power. This strengthens the company’s position as one of India’s leading private power producers and brings it closer to its goal of reaching 20 GW of generation capacity well before 2030.

A Diversified Energy Portfolio

JSW Energy’s power generation mix includes a diverse portfolio spanning:

  • Thermal Power – 3,508 MW
  • Wind Energy – 2,668 MW
  • Hydropower – 1,391 MW
  • Solar Power – 675 MW

The company’s focus on prudent capital allocation and corporate governance has enabled it to maintain a strong foothold in the power sector while ensuring sustainable growth.

JSW Energy’s Expansion Strategy

Having started operations in 2000 with a 260 MW thermal plant in Karnataka, JSW Energy has expanded significantly. The company is currently constructing power projects with a combined capacity of 8.3 GW, reinforcing its commitment to clean energy and efficient power generation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Feb 5, 2025, 2:47 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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