JSW Energy Signs 25-Year PPA with NHPC for 300 MW Hybrid Project

JSW Energy Limited, through its step-down subsidiary Energizent Power Private Limited, has entered into a long-term Power Purchase Agreement (PPA) with NHPC Limited for the supply of 300 MW of ISTS-connected Solar-Wind Hybrid Capacity. This agreement marks a significant milestone in the company’s clean energy expansion.

Key Details of the PPA

The PPA has been signed for a duration of 25 years at a competitive tariff of ₹3.49 per KWh. The hybrid project, which integrates both solar and wind technologies, will be set up across Rajasthan and Andhra Pradesh. The commissioning of the project is expected within the next 24 months, contributing further to India’s renewable energy targets.

JSW Energy’s Expanding Renewable Portfolio

With this project, JSW Energy’s total locked-in generation capacity reaches 29.9 GW, which includes 12.5 GW operational, 12.8 GW under construction, and a 4.6 GW pipeline spanning wind, thermal, and hydro projects. Additionally, the company holds 29.3 GWh of energy storage capacity, comprising 26.4 GWh hydro pumped storage and 2.9 GWh battery energy storage systems.

Also Read: JSW Energy Allots ₹250 Crore Worth of NCDs via Private Placement!

Approval for Debt Settlement of KWIPL

Earlier this week, on June 23, the company announced that, following the successful acquisition of KSK Mahanadi Power Company Limited (KMPCL) on March 6, 2025, the company, as the holding entity of KMPCL, gained significant indirect ownership in KSK Water Infrastructures Private Limited (KWIPL), which was undergoing corporate insolvency. The company’s proposal to settle the outstanding debt of KWIPL has now been approved by the Committee of Creditors (CoC). Consequently, the CoC has also approved the withdrawal of KWIPL’s insolvency resolution process. The transaction closure is now subject to final approval from the National Company Law Tribunal (NCLT).

JSW Energy Share Price Performance

On June 26, 2025, JSW Energy share price opened at ₹512.90, up from its previous close of ₹507.70. At 12:13 PM, the share price of JSW Energy was trading at ₹507.7, up by 0.0% on the NSE.

Conclusion

This agreement strengthens JSW Energy’s position in India’s renewable energy sector and reflects its commitment to sustainable power generation. With a clear target of 30 GW generation and 40 GWh storage capacity by FY 2030, JSW Energy is steadily advancing towards its goal of becoming carbon neutral by 2050.

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