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Chemplast Sanmar signs PPA with JSW for hybrid project in Tamil Nadu

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Chemplast Sanmar Limited and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), have signed a power purchase agreement (PPA) with JSW Green Energy Nine Private Limited, a special purpose vehicle (SPV) of JSW Neo Energy Limited, a subsidiary of JSW Energy Limited (JSWEL). Under the agreement, the SPV will develop an 84.9 MW wind-solar hybrid power project in Tamil Nadu, consisting of 64.9 MW solar and 20 MW wind capacity for the captive consumption of…

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CCI approves acquisition of thyssenkrupp Electrical Steel by JSquare

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The Competition Commission of India (CCI) has recently approved the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (thyssenkrupp India) by Jsquare Electrical Steel Nashik Pvt Ltd (JSquare). JSquare, a newly-incorporated subsidiary of JSW JFE Electrical Steel Pvt Ltd (J2ES), is a 50:50 joint venture between JSW Steel Ltd and Japan’s JFE Steel Corporation.  Currently, J2ES has no commercial operations but plans to begin the manufacture and sale of grain-oriented electrical steel (GOES) in India…

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JSW Energy signs 1,200 MW hybrid power deals with MSEDCL

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JSW Energy’s subsidiaries, JSW Renew Energy Six Ltd and JSW Renew Energy Thirty Ltd, have signed power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for two solar-wind hybrid projects, each with a capacity of 600 MW, totalling 1,200 MW.  These agreements, awarded on August 29 and September 10, 2024, are set for 25 years at a tariff of Rs 3.60/kWh, with projects expected to be operational within 24 months. JSW Energy’s…