JSW Energy , a leading private sector power producer in India, has made a significant move in the water infrastructure sector by acquiring a majority stake in KSK Water Infrastructures Private Limited (KWIPL). The company has successfully implemented a settlement plan worth ₹962.00 crore, marking its strategic expansion into water infrastructure services.

Acquisition Details

JSW Energy has acquired a 51% equity stake in KWIPL, with the remaining 49% held by KSK Mahanadi Power Company Limited (KMPCL), a subsidiary of JSW Energy. This acquisition is part of a broader strategy following JSW Energy's takeover of KMPCL.

Strategic Importance

The acquisition of KWIPL is strategically crucial for JSW Energy's operations. KWIPL provides critical water infrastructure services to KMPCL, which owns a 3,600 MW thermal power plant in Chhattisgarh. Of this capacity, 1,800 MW is already operational, with the remaining 1,800 MW under development.

JSW Energy's Joint Managing Director and CEO, Prashant Jain, commented on the acquisition, stating, "This move will enable operational control and efficiency in managing water supply to the KSK Thermal Plant for the entire 3,600 MW capacity, enhancing reliability and reducing dependency risks for this critical input."

Financial Aspects

As part of the settlement plan, JSW Energy has paid ₹962.00 crore to KWIPL's lenders. This transaction was executed following the approval of the withdrawal application for KWIPL's corporate insolvency resolution process under Section 12A of the Insolvency and Bankruptcy Code by the National Company Law Tribunal, Hyderabad Bench.

KWIPL's Performance

KWIPL's financial performance over the past three years shows:

JSW Energy's Growth Trajectory

This acquisition aligns with JSW Energy's ambitious growth plans. The company currently has a total locked-in generation capacity of 30.3 GW, which includes:

• 12.8 GW operational capacity
• 12.9 GW under-construction capacity (across thermal and renewable sources)
• 4.6 GW in the pipeline

Additionally, JSW Energy has 29.4 GWh of locked-in energy storage capacity, comprising 26.4 GWh through hydro pumped storage projects and 3.0 GWh through battery energy storage systems.

Future Outlook

JSW Energy has set ambitious targets for the future. The company aims to:

1. Reach 30 GW generation capacity by FY 2030
2. Achieve 40 GWh of energy storage capacity by FY 2030
3. Attain Carbon Neutrality by 2050

This strategic acquisition of KWIPL not only expands JSW Energy's portfolio but also strengthens its position in the power sector value chain. By securing control over critical water infrastructure, the company is poised to enhance its operational efficiency and reliability in power generation.

As JSW Energy continues to diversify its assets and expand its presence in the power sector, this move into water infrastructure marks a significant step in its growth strategy, potentially opening up new avenues for future development and sustainability initiatives.

JSW Energy Limited , a leading player in India's power sector, has achieved a significant milestone in its renewable energy expansion strategy. The company has successfully commissioned the first 80 MW unit of its 240 MW Kutehr Hydroelectric Power Plant in Himachal Pradesh's Chamba district, marking a crucial step in its commitment to clean energy.

Project Highlights

• Location: Chamba district, Himachal Pradesh
• Total Capacity: 240 MW (3 x 80 MW units)
• Current Status:
  • First 80 MW unit commissioned and supplying power
  • Second 80 MW unit synchronized with the grid, undergoing trial runs
  • Third 80 MW unit commissioning in progress

Power Purchase Agreement

The Kutehr project is backed by a long-term Power Purchase Agreement (PPA) with Haryana Power Purchase Centre (HPPC), showcasing the following key features:

• Duration: 35 years (with provisions for extension)
• Capacity: Entire 240 MW
• Tariff: Levelized ceiling tariff of ₹4.50/kWh

Impact on JSW Energy's Portfolio

With the commissioning of this new unit, JSW Energy has significantly bolstered its renewable energy capacity:

This addition has increased the share of renewables in JSW Energy's portfolio to 56%, aligning with the company's focus on sustainable power generation.

Strategic Importance

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, emphasized the strategic importance of this project, stating, "This achievement underscores our strong project execution capabilities and our commitment to delivering clean, sustainable power to the nation. The timing is especially opportune, coinciding with the peak monsoon season, enabling us to capitalise on high waterflow and reap the generation benefit in current fiscal."

Future Outlook

JSW Energy's commissioning of the Kutehr Hydroelectric Power Plant is part of its broader strategy to expand its green energy footprint. The company has set ambitious targets for the future:

• Total Locked-in Generation Capacity: 30.3 GW
  • 12.8 GW operational
  • 12.9 GW under construction
  • 4.6 GW in pipeline
• Energy Storage Capacity: 29.4 GWh
  • 26.4 GWh through hydro pumped storage projects
  • 3.0 GWh through battery energy storage systems

JSW Energy aims to reach a generation capacity of 30 GW and an energy storage capacity of 40 GWh by FY 2030, with the ultimate goal of achieving Carbon Neutrality by 2050.

The successful commissioning of the Kutehr Hydroelectric Power Plant not only strengthens JSW Energy's position in the renewable energy sector but also contributes to India's clean energy objectives. As the company continues to expand its green energy portfolio, it is poised to play a significant role in the country's transition towards a more sustainable power generation mix.