JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Ltd, has recently secured a significant long-term power supply contract, marking a major milestone in the company's expansion strategy. This development underscores JSW Energy's commitment to growth and its increasing footprint in India's power sector.

Contract Details

JSW Energy (Utkal) Limited has received a Letter of Award (LoA) from Power Company of Karnataka Limited for a substantial power supply arrangement. Here are the key details of the contract:

Impact on JSW Energy (Utkal) Limited

This contract represents a significant step forward for JSW Energy (Utkal) Limited:

• Upon regulatory approval and signing of the Power Purchase Agreement, 57% of Utkal's total capacity will be tied up under this arrangement.
• This tie-up is expected to ensure long-term earnings stability for the plant.

JSW Energy's Current Capacity and Future Goals

JSW Energy has been steadily expanding its power generation capacity. The company's current status and future targets are as follows:

The under-construction capacity includes both thermal and renewable sources.

In addition to power generation, JSW Energy has also invested in energy storage capacity:

• 29.4 GWh of locked-in energy storage capacity
• Includes 26.4 GWh through hydro pumped storage projects
• 3.0 GWh through battery energy storage systems

Future Outlook

JSW Energy has set ambitious targets for the future:

1. Aim to reach 30 GW generation capacity by FY 2030
2. Target 40 GWh of energy storage capacity by FY 2030
3. Achieve Carbon Neutrality by 2050

This latest contract aligns well with JSW Energy's growth strategy and its goal of expanding its presence across the power sector value chain. As the company continues to diversify its assets in power generation and transmission, it remains focused on delivering sustainable growth and creating value for all stakeholders.

The successful securing of this long-term contract by JSW Energy (Utkal) Limited demonstrates the company's strong position in the Indian power sector and its ability to win significant projects. As the power demand in India continues to grow, JSW Energy appears well-positioned to play a crucial role in meeting the country's energy needs while working towards its sustainability goals.

JSW Energy , a leading player in India's power sector, has made significant strides in expanding its renewable energy portfolio. The company recently announced the successful commissioning of 114 MW of renewable energy capacity in September, bringing its total installed capacity to an impressive 13.2 GW.

Capacity Expansion Details

The recent capacity addition comprises:

This expansion is part of JSW Energy's broader strategy to increase its renewable energy footprint. The company's cumulative organic renewable energy capacity addition during Q2 FY26 now stands at 443 MW, which includes a notable 20 MW of Floating Solar capacity at Vijayanagar.

Renewable Energy Portfolio

Following this expansion, JSW Energy's renewable energy share in its overall capacity has reached a significant 57%. The company's renewable portfolio now consists of:

Future Outlook

JSW Energy has set ambitious targets for the future:

• Total locked-in generation capacity: 30.5 GW

  • 13.2 GW operational
  • 12.5 GW under construction (thermal and renewable)
  • 150 MW under-acquisition (hydro)
  • 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

The company aims to achieve 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030. Additionally, JSW Energy has set a long-term goal of achieving Carbon Neutrality by 2050.

This recent expansion aligns with JSW Energy's commitment to diversifying its energy portfolio and increasing its focus on renewable sources. As the company continues to grow and adapt to the changing energy landscape, it remains well-positioned to play a crucial role in India's transition towards cleaner energy sources.