Latest news with #JSWRenewEnergyFortyFive
Time of India
5 days ago
- Business
- Time of India
JSW Energy signs 25-year electricity supply pact with BESCOM for solar project
JSW Energy on Thursday said that its step-down subsidiary, JSW Renew Energy Forty Five, has signed a 25-year power purchase agreement (PPA) with Bangalore Electricity Supply Company ( BESCOM ) for a grid-connected 100MW solar project with a 100MWh Battery Energy Storage System (BESS). 'The aforesaid project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district,' JSW Energy said in a regulatory filing. As per the statement, the PPA has been signed at a tariff of ₹4.31 per kWh. Subsequent to this the, company's total locked-in energy storage capacity stands at 29.4 GWh, including 3.0 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. The company said it is well-positioned to achieve its target of 40 GWh of energy storage by 2030.
Business Standard
5 days ago
- Business
- Business Standard
JSW Energy arm inks pact with BESCOM for solar project
JSW Energy has announced that its step-down subsidiary, JSW Renew Energy Forty Five, has signed a power purchase agreement (PPA) with the Bangalore Electricity Supply Company (BESCOM). The agreement is for a grid-connected 100 MW solar project integrated with a 100 MWh Battery Energy Storage System (BESS). The project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district. The PPA has been signed for a tenure of 25 years at a tariff of Rs 4.31 per kWh. With this development, the companys total locked-in energy storage capacity now stands at 29.4 GWh, comprising 3.0 GWh of BESS and 26.4 GWh of pumped hydro storage. JSW Energy is well-positioned to achieve its target of 40 GWh of energy storage by 2030. JSW Energy is one of the leading private sector power producers in India and part of JSW group. It has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. The companys consolidated net profit jumped 16.1% to Rs 408.05 crore on 15.7% increase in revenue from operations to Rs 3,189.39 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.48% to Rs 531.15 on the BSE.
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Business Standard
5 days ago
- Business
- Business Standard
JSW Energy signs electricity supply pact with BESCOM for solar project
JSW Energy on Thursday said its step-down subsidiary JSW Renew Energy Forty Five has inked a power purchase agreement with Bangalore Electricity Supply Company (BESCOM) for a grid connected 100 MW Solar Project. The Power Purchase Agreement (PPA) has been signed for a tenure of 25 years at a tariff of Rs 4.31 per kWh. In a regulatory filing, the company said JSW Renew Energy Forty Five Ltd, a step-down subsidiary of JSW Energy, has signed power purchase agreement with BESCOM for a grid connected 100 MW solar project with 100 MWh Battery Energy Storage System (BESS). The aforesaid project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district, a company statement said. Subsequent to this, the company's total locked-in energy storage capacity stood at 29.4 GWh, including 3.0 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. The company is well positioned to achieve its target of 40 GWh of energy storage by 2030. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
5 days ago
- Business
- Time of India
JSW Energy signs electricity supply pact with BESCOM for solar project with battery storage
Synopsis JSW Energy's subsidiary, JSW Renew Energy Forty Five, has secured a 25-year power purchase agreement with BESCOM for a 100 MW solar project coupled with a 100 MWh Battery Energy Storage System (BESS) at a tariff of Rs 4.31 per kWh. This agreement increases JSW Energy's total locked-in energy storage capacity to 29.
