JSW Energy Limited , a leading player in India's power sector, has made significant strides in both its renewable energy portfolio and debt resolution efforts.

Withdrawal of Insolvency Proceedings

JSW Energy has successfully withdrawn the corporate insolvency resolution process for KSK Water Infrastructures Private Limited (KWIPL). This development comes after the National Company Law Tribunal, Hyderabad approved the company's settlement plan. The tribunal's order allowed the withdrawal under section 12A of the Insolvency and Bankruptcy Code, 2016. JSW Energy will now proceed with implementing the settlement plan for KWIPL's debt resolution.

FDRE Power Purchase Agreement

In a separate development, the company's wholly-owned subsidiary, JSW Neo Energy Limited, has recently inked its first Firm and Dispatchable Renewable Energy (FDRE) Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI).

Key Details of the Agreement

• Capacity: 230 MW of ISTS connected Firm and Dispatchable Renewable Energy
• Scheme: SECI-FDRE Tranche IV
• Duration: 25 years
• Tariff: ₹4.98 per kWh

Strategic Implications

These developments showcase JSW Energy's multifaceted approach to growth and financial management. The withdrawal of insolvency proceedings demonstrates the company's commitment to resolving financial issues through negotiation and settlement. Meanwhile, the FDRE agreement marks JSW Energy's entry into the FDRE project space, highlighting the company's commitment to diversifying its renewable energy portfolio.

Capacity Expansion

With the new FDRE agreement, JSW Energy has bolstered its position in the power generation sector:

Future Outlook

JSW Energy remains on track to achieve its ambitious targets set for 2030:

• Installed generation capacity: 30 GW
• Energy storage capacity: 40 GWh

Management's Perspective

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed pride in the FDRE agreement, stating, "We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers."

About JSW Energy

JSW Energy, part of the $23 billion JSW Group, has established a strong presence across the power sector value chain. The company began its commercial operations in 2000 and has since expanded its power generation capacity from 260 MW to 12.8 GW. JSW Energy's diverse portfolio includes assets in power generation and transmission, with a focus on geographic presence, fuel sources, and power off-take arrangements.

These latest developments reinforce JSW Energy's position as a key player in India's evolving energy landscape, particularly in the renewable energy sector, while also demonstrating its ability to navigate complex financial situations. As the company continues to expand its portfolio, resolve financial challenges, and work towards its 2030 goals, it is poised to play a crucial role in India's transition to cleaner and more sustainable energy sources.

JSW Energy Limited (ISIN: INE121E01018) has announced a significant development in its renewable energy portfolio. The company's step-down subsidiary, JSW Renew Energy Forty Five Limited, has entered into a long-term agreement with Bangalore Electricity Supply Company (BESCOM) for a solar power project with battery storage capabilities.

Key Details of the Agreement

• Project Scope: 100 MW solar project with 100 MWh Battery Energy Storage System (BESS)
• Location: Kalaburagi district, Karnataka
• Grid Connection: 220/400 kV KPTCL Firozabad substation
• Contract Duration: 25 years
• Tariff: ₹4.31 per kWh

Impact on JSW Energy's Storage Capacity

Following this agreement, JSW Energy's total locked-in energy storage capacity has reached 29.4 GWh. This capacity is comprised of:

• 3.0 GWh of battery storage
• 26.4 GWh of pumped hydro storage

The company has set a target of achieving 40 GWh of energy storage capacity by 2030, and this latest agreement brings them closer to that goal.

Strategic Importance

This Power Purchase Agreement (PPA) represents a significant step in JSW Energy's commitment to renewable energy and grid stability. The integration of battery storage with solar power generation addresses one of the key challenges in renewable energy - intermittency. By incorporating a 100 MWh BESS, the project can store excess energy during peak generation hours and supply it during periods of high demand or low solar generation.

Company's Growth Trajectory

JSW Energy has been on a robust growth path since its inception. From its first 2x130 MW thermal power plants commissioned in 2000 at Vijayanagar, Karnataka, the company has expanded its power generation capacity to 12.8 GW. Currently, JSW Energy is constructing various power projects totaling 12.5 GW, aligning with its vision to achieve a total power generation capacity of 30 GW by 2030.

Conclusion

This latest agreement underscores JSW Energy's commitment to sustainable power generation and its strategic focus on renewable energy with storage solutions. As the company continues to diversify its assets across the power sector value chain, such projects are likely to play a crucial role in India's transition towards a greener energy future.

Note: The information in this article is based on the company's official press release dated July 24, 2025, and does not include any forward-looking statements or predictions about the company's future performance.