JSW Energy’s subsidiary, JSW Energy (Utkal) Limited, has received a letter of award from Power Company of Karnataka Limited (PCKL) for a 400 MW power supply arrangement. This agreement spans 25 years, commencing from April 1, 2026. The arrangement ensures a stable earnings outlook for JSW Energy, tying up a significant portion of Utkal’s capacity and further solidifying JSW Energy’s position in the power sector.
New Power Supply Agreement
JSW Energy (Utkal) Limited, a subsidiary of JSW Energy, has secured a Letter of Award (LoA) from Power Company of Karnataka Limited for a 400 MW power supply arrangement. The agreement is set to commence on April 1, 2026, and will extend for a period of 25 years.
Impact on Utkal Capacity
Upon regulatory adoption and the subsequent signing of the Power Purchase Agreement, 57% of Utkal’s total capacity will be tied up under this arrangement. This ensures substantial long-term earnings stability for the plant.
JSW Energy’s Total Capacity
JSW Energy has a total locked-in generation capacity of 30.5 GW, which includes 13.2 GW operational, 12.5 GW under construction (thermal and renewable), and 150 MW under-acquisition hydro, alongside a pipeline of 4.6 GW. The company also possesses 29.4 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4 GWh and a battery energy storage system of 3.0 GWh. The company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030, striving for Carbon Neutrality by 2050.
Source: BSE
