JSW Energy Limited , a leading private sector power producer in India, has made significant strides in expanding its renewable energy portfolio. The company recently announced the successful commissioning of 317 MW of renewable energy capacity, bringing its total installed capacity to 13,097 MW.

Diversified Renewable Expansion

The newly added capacity showcases JSW Energy's commitment to diversifying its renewable energy sources:

• 240 MW from hydro (Kutehr project)
• 43 MW from wind power
• 34 MW from solar energy

This strategic expansion has increased the share of renewables in JSW Energy's overall capacity to 57%, demonstrating the company's focus on clean energy solutions.

Financial Performance

JSW Energy reported strong quarterly results:

The company's operating margin expanded to 54.2%.

Ambitious Growth Plans

JSW Energy has set its sights on ambitious targets for the future:

• Total locked-in generation capacity of 30.3 GW, including:
  • 13.1 GW operational
  • 12.7 GW under construction
  • 4.6 GW in the pipeline

Long-term Vision

JSW Energy has outlined clear long-term goals:

• Achieve 30 GW generation capacity by 2030
• Reach 40 GWh of energy storage capacity by 2030

Market Performance

JSW Energy's shares closed 0.6% higher at ₹521.60, although they remain down 19% year-to-date.

Company Background

JSW Energy, part of the USD 23 billion JSW Group, has established a strong presence across the power sector value chain since beginning commercial operations in 2000. The company has grown from an initial capacity of 260 MW to its current 13.1 GW, emphasizing geographic diversity, varied fuel sources, and strategic power off-take arrangements.

As JSW Energy continues its expansion in the renewable energy sector, it reinforces its position as a key player in India's transition towards cleaner and more sustainable power generation.

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.