JSW Energy signs PPA for 1,600 MW project in West Bengal, revives Odisha plant

JSW Energy Limited (JSWEL) has signed a Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for a 1,600 MW supercritical/ultra-supercritical thermal power plant. The agreement was finalised on March 13, 2025.

The plant will be a greenfield project with a capacity of 1,600 MW (2×800 MW) and will be developed within West Bengal. It will be connected to the State Transmission Utility (STU) network. The project will follow a Public-Private Partnership (PPP) model and will be implemented on a design, build, finance, own, and operate (DBFOO) basis.

On the same day, JSWEL achieved the Commercial Operation Date (CoD) for Unit II of the Ind-Barath Thermal Power Plant. The project, located in Jharsuguda district, Odisha, was originally developed by Ind-Barath Energy (Utkal) Limited (IBEUL), a subsidiary of Ind-Bharat Power Infra Private Limited (IBPIL).

IBEUL had implemented Phase-I of the project with a 2×350 MW coal-based thermal power plant at an investment of Rs 44.64 billion. Unit I was commissioned in 2016 but remained non-operational due to financial difficulties. However, JSW Energy successfully revived and synchronized the entire 700 MW capacity within approximately 24 months.