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.

JSW Energy , a leading power company in India, has reported a remarkable 93% year-on-year increase in Ebitda (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the first quarter of fiscal year 2026. The company's Ebitda reached Rs 3,057.00 crore, driven by organic renewable capacity additions and strategic acquisitions.

Financial Highlights

Key Growth Drivers

JSW Energy's impressive performance can be attributed to several factors:

1. Wind Capacity Additions: Wind projects added in the previous year operated during the peak season, contributing significantly to the company's performance.
2. Thermal Power Expansion: Commissioning of a 350 MW thermal unit at the JSW Utkal plant boosted overall capacity.
3. Strategic Acquisitions: The company acquired KSK Mahanadi (1,800 MW) and O2 Power, enhancing its portfolio and market presence.

Future Outlook

Sharad Mahendra, Joint MD and CEO of JSW Energy, expressed confidence in maintaining similar Ebitda and margin trends for the remaining quarters of FY26. The company's growth strategy includes:

• A robust 10 GW power purchase agreement project pipeline
• Expected additional capacity from hydro assets, which is anticipated to strengthen performance in Q2

Management Commentary

"We are pleased with our strong performance in Q1FY26," said Sharad Mahendra. "The significant increase in Ebitda and improvement in operating margins demonstrate the success of our strategic initiatives and capacity expansions. We remain optimistic about maintaining this growth momentum throughout the fiscal year."

JSW Energy's focus on renewable energy, strategic acquisitions, and expansion of its thermal and hydro assets positions the company for continued growth in the power sector. As India's energy demand continues to rise, JSW Energy appears well-positioned to capitalize on market opportunities and contribute to the country's evolving energy landscape.