JSW Energy signs first FDRE power deal with SECI

JSW Energy’s unit, JSW Neo Energy, has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 230 megawatts (MW) of firm and dispatchable renewable energy (FDRE) from interstate transmission system (ISTS)-connected projects across India.

The PPA, secured under SECI’s FDRE Tranche IV scheme, is JSW’s first agreement in the FDRE segment. The power will be supplied at a tariff of Rs 4.98 per kilowatt-hour (kWh).

This follows another recent development involving JSW Renew Energy Forty Five, a separate subsidiary of JSW Energy. That unit signed a 25-year PPA with Bangalore Electricity Supply Company (BESCOM) for a 100 MW solar project equipped with a 100 megawatt-hour (MWh) battery energy storage system. The project will connect to the 220/400 kV KPTCL Firozabad substation in Karnataka’s Kalaburagi district and will supply power at a tariff of Rs 4.31/kWh.