JSW Energy gains after subsidiary signs agreement with SECI

JSW Energy gains after subsidiary signs agreement with SECI


JSW Energy rose 1.36% to Rs 111.85 after the company said its subsidiary has signed a power purchase agreement for 540 MW of blended wind capacity with Solar Energy Corporation of India (SECI).In September last year, JSW Energy had informed that JSW Future Energy (formerly JSW Solar) (100% subsidiary of JSW Energy) had received letter of awards for total blended wind capacity of 810 MW from Solar Energy Corporation of India (SECI) in respect of the tariff based competitive bid invited by SECI for setting up of 2500 MW ISTS-connected Blended Wind Power Projects (Tranche-IX).
JSW Renew Energy, wholly owned subsidiary of JSW Future Energy, has signed a power purchase agreement with SECI for the contracted capacity of 540 MW out of total awarded capacity of 810 MW. This is the single largest PPA for wind/blended wind category in the industry, and marks the foray of the company into wind/blended wind energy generation segment.

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