JSW Energy Signs 230 MW FDRE PPA with SECI
JSW Neo Energy Ltd., a subsidiary of JSW Energy, has signed its first Firm and Dispatchable Renewable Energy (FDRE) Power Purchase Agreement with Solar Energy Corporation of India (SECI) for the supply of 230 MW of FDRE for 25 years at a tariff of INR 4.98/kWh.
July 25, 2025. By Mrinmoy Dey
This marks the company’s first PPA for a FDRE project. The agreement has been signed for a tenure of 25 years at a tariff of INR 4.98/kWh, the company said in a statement.
Commenting on the development, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said, “We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy’s commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. With this project, we are strengthening our energy products and services offering while supporting the country’s energy transition goals.”
With this, the company’s total under-construction capacity stands at 12.9 GW, and its total locked-in generation capacity now stands at 30.2 GW. “JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030,” the company said.
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