JSW Power is seeking to attain 10 GW capability by 2025 and 20 GW capability by 2030.
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JSW Power on Thursday introduced that its step-down subsidiary, JSW Renew Power 5 Ltd., has acquired letters of award (LoA) from Photo voltaic Power Company of India Ltd. (SECI) for standalone battery power storage methods of 500 MW and 1,000 MW.
JSW Power is entitled to obtain a set capability fee of Rs 10.8 lakh per 30 days for 12 years.
SECI’s obligation is 60 % of the mission’s capability whereas the remaining 40 % will likely be dealt with by JSW Power.
The LoAs for Battery Power Storage Programs (two initiatives every of 250 MW / 500 MWh) mark the entry of the JSW Group firm into power storage options.
JSW Power stated the mission, which is a crucial step in the direction of India’s power safety and grid stability, offers the corporate an early-mover benefit within the storage options house.
It is usually in keeping with the corporate’s technique of transferring in the direction of an power merchandise and options firm.
JSW Power is seeking to attain 10 GW capability by 2025 and 20 GW capability by 2030. The corporate has a complete locked-in capability of 9.9 GW and is effectively positioned to fulfill the targets forward on the time.
The corporate’s complete renewable locked-in capability stands at 6 GW. It has 1.7 GW of operational renewable power initiatives whereas 2.63 GW of initiatives are nonetheless below building or within the pipeline.
JSW Power Ltd. is without doubt one of the main personal sector energy producers in India and a part of the USD 22 billion JSW Group, which has vital presence in sectors reminiscent of metal, power, infrastructure, cement, and sports activities amongst others but.
Shares of JSW Power had been 0.47 % increased at Rs 266.10.
(Edited by: Rukmani Krishna)
