JSW Energy Limited , a leading private sector power producer in India, has marked a significant milestone in its growth trajectory with the successful commissioning of its 240 MW Kutehr Hydroelectric Power Plant in Himachal Pradesh. This achievement propels the company's total installed capacity to an impressive 13,020 MW, reinforcing its position in the Indian power sector.

Kutehr Hydro Plant: A Swift and Strategic Addition

The Kutehr Hydroelectric Power Plant, situated in the Chamba district of Himachal Pradesh, stands out as one of the fastest-built greenfield hydro projects in India. The plant's third and final 80 MW unit has been commissioned, completing the full 240 MW capacity. This swift execution, accomplished in less than six years despite challenges such as COVID-19 disruptions and extreme weather conditions, showcases JSW Energy's robust project management capabilities.

Power Purchase Agreement and Economic Impact

The Kutehr plant's strategic importance is underscored by its long-term Power Purchase Agreement (PPA) with the Haryana Power Purchase Centre. This 35-year agreement, with provisions for extension, secures power dispatch at a levelized ceiling tariff of ₹4.50/kWh. The electricity generated will supply Haryana's state distribution utilities, contributing to the region's power needs.

Significant Capacity Expansion

JSW Energy's installed capacity has seen a remarkable increase of 2,145 MW, rising from 10,875 MW to the current 13,020 MW. This growth reflects the company's strong execution capabilities and its commitment to expanding its power generation portfolio.

Renewable Energy Focus

With the commissioning of the Kutehr plant and recent wind capacity additions, JSW Energy has significantly boosted its renewable energy share:

The company's renewable energy now accounts for 57% of its total installed capacity, aligning with global trends towards cleaner energy sources.

Future Outlook and Sustainability Goals

JSW Energy's growth plans are ambitious, with a total locked-in generation capacity of 30.3 GW. This includes:

• 13.0 GW operational capacity
• 12.7 GW under construction (across thermal and renewable sources)
• 4.6 GW in the pipeline

The company is also focusing on energy storage, with 29.4 GWh of locked-in capacity, including 26.4 GWh through hydro pumped storage projects and 3.0 GWh via battery energy storage systems.

Looking ahead, JSW Energy aims to reach a generation capacity of 30 GW and an energy storage capacity of 40 GWh by FY 2030. The company has also set a long-term goal of achieving Carbon Neutrality by 2050, demonstrating its commitment to sustainable energy practices.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed pride in the Kutehr plant's commissioning, highlighting its timely completion and strategic importance. "This milestone highlights our strong project execution capabilities and unwavering commitment to delivering clean, sustainable energy to the nation," Mahendra stated.

As part of the USD 23 billion JSW Group, JSW Energy continues to strengthen its position across the power sector value chain, focusing on diversified assets in power generation and transmission. With this latest achievement, the company reaffirms its role as a key player in India's evolving energy landscape, balancing growth with sustainability.

JSW Energy , one of India's leading private sector power producers, has reported exceptional financial results for the quarter ended June 30, alongside significant progress in its capacity expansion plans.

Record-Breaking Financial Performance

The company delivered its highest ever quarterly EBITDA of ₹3,057.00 crore, marking a substantial 93% year-on-year increase. Net profit also saw a significant boost, rising 42% year-on-year to reach ₹743.00 crore. Revenue for the quarter surged by 78% to over ₹5,400.00 crore, reflecting the company's robust growth trajectory.

Capacity Expansion and Generation Growth

JSW Energy added 1.9 GW of new capacity during the quarter, bringing its total installed capacity to 12.8 GW. This represents a remarkable 70% year-on-year growth from 7.6 GW in the previous year. The capacity additions included 1.3 GW through the strategic acquisition of O2 Power and 550 MW of organic renewable energy capacity.

The expanded capacity translated into a significant increase in net generation, which rose 71% to 13.5 billion units. This growth in generation capacity and output underscores JSW Energy's commitment to scaling up clean and reliable energy solutions.

Strategic Acquisitions and Asset Performance

The Mahanadi Thermal Plant, acquired in March, contributed significantly to the company's performance, generating an EBITDA of ₹867.00 crore. This accounted for 28% of the total consolidated EBITDA, highlighting the strategic value of the acquisition.

Progress in Hydroelectric Projects

In a recent development, JSW Energy announced the successful commissioning of the second 80 MW unit of its 240 MW Kutehr Hydroelectric Power Plant in Himachal Pradesh. This brings the total commissioned capacity at the Kutehr plant to 160 MW, with power dispatch to Haryana already underway. The company expects to commission the final 80 MW unit soon, further strengthening its position in the hydroelectric power sector.

Renewable Energy and Storage Initiatives

With the latest capacity additions, JSW Energy's renewable energy portfolio now accounts for 56% of its total installed capacity. The company has also made strides in energy storage, with plans to establish a 5 GWh battery assembly plant in Pune, involving an investment of ₹165.00 crore.

Future Outlook

JSW Energy maintains an ambitious growth trajectory, targeting 3-4 GW of capacity addition for the current fiscal year. The company has 13 GW of projects under construction with signed Power Purchase Agreements (PPAs), indicating strong future growth potential.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, commented on the Kutehr plant commissioning: "We are proud to inform the successful commissioning of the second 80 MW unit of the Kutehr Hydroelectric Power Plant. We expect the last unit to be commissioned soon. The timing helps us to capitalise on high water inflows during the peak generation season and reinforces our strong project execution capabilities."

As JSW Energy continues to expand its renewable energy portfolio and improve operational efficiency, it remains well-positioned to capitalize on India's growing energy demands while contributing to the country's clean energy goals.