JSW Energy Signs 400 MW Power Purchase Agreement with Karnataka DISCOMs
JSW Energy has successfully executed a significant power purchase agreement through its subsidiary JSW Energy (Utkal) Limited with multiple Karnataka distribution companies for 400 MW capacity over 25 years at ₹3.58 per kWh, commencing April 2026. This strategic development reduces the company's open capacity to just 5% from 8%, enhancing long-term revenue visibility and de-risking the generation portfolio while supporting JSW Energy's ambitious growth targets of 30 GW generation capacity by FY2030.

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JSW Energy 's subsidiary JSW Energy (Utkal) Limited has successfully signed a power purchase agreement with multiple Karnataka distribution companies, marking a significant milestone in the company's expansion strategy.
Power Purchase Agreement Details
The comprehensive agreement establishes a long-term power supply arrangement that strengthens Karnataka's electricity infrastructure:
| Parameter: | Details |
|---|---|
| Capacity: | 400 MW |
| Contracting Entity: | JSW Energy (Utkal) Limited |
| Counterparty: | Multiple Karnataka DISCOMs |
| Agreement Duration: | 25 years |
| Tariff Rate: | ₹3.58 per kWh |
| Supply Commencement: | April 1, 2026 |
Strategic Impact on JSW Energy
This power purchase agreement significantly enhances JSW Energy's operational profile and revenue visibility. The company's open capacity has been reduced to 5% of current operational capacity from approximately 8%, demonstrating improved capacity utilization and long-term revenue security.
Enhanced Generation Portfolio
JSW Energy's total locked-in generation capacity now stands at an impressive 30.50 GW, showcasing the company's substantial market presence:
| Capacity Type: | Details |
|---|---|
| Operational Capacity: | 13.30 GW |
| Under Construction: | 12.40 GW (thermal and renewable) |
| Hydro Under Acquisition: | 150 MW |
| Development Pipeline: | 4.60 GW |
| Energy Storage Capacity: | 29.40 GWh |
| Hydro Pumped Storage: | 26.40 GWh |
| Battery Energy Storage: | 3.00 GWh |
Future Growth Trajectory
The agreement aligns with JSW Energy's ambitious strategic objectives of achieving 30 GW of generation capacity and 40 GWh of energy storage capacity by FY2030. The company remains committed to its carbon neutrality goal by 2050, positioning itself as a leader in India's energy transition.
This development further de-risks JSW Energy's generation portfolio while providing stable, long-term revenue streams through its diversified power supply contracts across multiple Indian states.
Historical Stock Returns for JSW Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.33% | +4.38% | -8.68% | -6.70% | -29.63% | +610.16% |
















































