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.

JSW Energy , a leading private sector power producer in India, has achieved a significant milestone in its renewable energy expansion strategy. The company recently commissioned the second 80 MW unit of its 240 MW Kutehr hydroelectric power plant in Himachal Pradesh's Chamba district, bringing the total commissioned capacity at the site to 160 MW.

Project Highlights

Operational Progress

JSW Energy has begun power dispatch from the newly commissioned 160 MW capacity to Haryana, marking a crucial step in the project's development. The company expects to commission the final 80 MW unit shortly, which will bring the Kutehr plant to its full capacity of 240 MW.

Strategic Importance

This addition is part of JSW Energy's broader strategy to expand its renewable energy portfolio. With the commissioning of the second unit at Kutehr, the company's installed hydro capacity has increased to 1,551 MW. Notably, renewable energy now comprises 56% of JSW Energy's total portfolio, which includes:

• 2,157 MW of solar capacity
• 3,562 MW of wind capacity

Long-term Power Purchase Agreement

The entire 240 MW output from the Kutehr plant is secured under a 35-year Power Purchase Agreement with the Haryana Power Purchase Centre. This long-term agreement provides stability and predictability to the project's revenue stream.

JSW Energy's Growth Trajectory

JSW Energy has set ambitious targets for its future growth:

• Total Locked-in Generation Capacity: 30.3 GW
  • 12.9 GW operational
  • 12.8 GW under construction
• 2030 Target: 30 GW generation capacity and 40 GWh of energy storage capacity
• Long-term Goal: Achieve Carbon Neutrality by 2050

Market Response

The market responded positively to this development, with JSW Energy's shares trading 2.15% higher at ₹525.90 on the Bombay Stock Exchange (BSE).

Management Commentary

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed pride in the project's progress, stating, "We are proud to inform the successful commissioning of the second 80 MW unit of the Kutehr Hydroelectric Power Plant taking the commissioned capacity to 160 MW. 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 footprint, the Kutehr hydroelectric project represents a significant step towards the company's goal of achieving a more sustainable and diverse power generation portfolio.