JSW Energy Is Planning To Reduce Carbon Footprint Substantially By 2023

In Renewable Energy, Clean News, Clean Talk, Environment, News, Sustainability
JSW Energy
JSW Energy

Industrialist Sajjan Jindal-led JSW Energy plans to add 2,600 MW renewable power generation capacity to its portfolio by 2023. With this, the share of its renewable power will increase to 55 per cent of overall portfolio from the present 30 per cent.

The renewable projects — including wind, solar and hydel — will help the 4,600 MW power generation company in reducing its carbon footprint.

JSW Solar Ltd, a wholly-owned subsidiary of JSW Energy, received Letter of Awards for setting up a total blended wind capacity of 810 MW from Solar Energy Corporation Limited (SECI).

The total project outlay is expected to be Rs 4,700-4,800 crore. The project will be financed at 70:30 debt-equity ratio.

JSW Energy (Kutehr) Ltd is building 240 MW hydro power capacity at a cost of Rs 2,750 crore to supply to the state of Haryana. The Haryana Electricity Regulatory Commission has recently approved power procurement.

The company has been in negotiations with the state discom for finalizing the 35 year power purchase agreement (PPA).

JSW Energy had reduced its net debt to Rs 6,719 crore from 7,671 crore in the October-December 2020 quarter.

This is a PRNewswire Feed; edited by Clean-Future Team

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