JSW Power is seeking to attain 10 GW capability by 2025 and 20 GW capability by 2030.
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JSW Power on Thursday introduced that its step-down subsidiary, JSW Renew Power 5 Ltd., has obtained letters of award (LoA) from Photo voltaic Power Company of India Ltd. (SECI) for standalone battery vitality storage methods of 500 MW and 1,000 MW.
JSW Power is entitled to obtain a set capability cost of Rs 10.8 lakh per thirty days for 12 years.
SECI’s obligation is 60 p.c of the mission’s capability whereas the remaining 40 p.c can be dealt with by JSW Power.
The LoAs for Battery Power Storage Methods (two tasks every of 250 MW / 500 MWh) mark the JSW Group firm’s entry into vitality storage options.
JSW Power stated the mission, which is a vital step in the direction of India’s vitality safety and grid stability, provides the corporate an early-mover benefit within the storage options house.
Additionally it is according to the corporate’s technique of shifting in the direction of an vitality merchandise and options firm.
JSW Power is seeking to attain 10 GW capability by 2025 and 20 GW capability by 2030. The corporate has a complete locked-in capability of 9.9 GW and is nicely positioned to satisfy the targets forward on the time.
The corporate’s whole renewable locked-in capability stands at 6 GW. It has 1.7 GW of operational renewable vitality tasks whereas 2.63 GW of tasks are underneath building or are nonetheless within the pipeline.
JSW Power Ltd. is among the main personal sector energy producers in India and a part of the USD 22 billion JSW Group, which has vital presence in sectors corresponding to metal, vitality, infrastructure, cement, and sports activities amongst others but.
Shares of JSW Power had been 0.47 p.c greater at Rs 266.10.
(Edited by: Rukmani Krishna)
