JSW Energy signs 25-year PPA for 1,600 MW Salboni plant, secures CoD for Utkal Unit 2

Private power utility JSW Energy Ltd on Thursday (March 13) said it has signed a Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company Ltd (WBSEDCL) for a greenfield 1,600 MW (2×800 MW) super/ultra-supercritical thermal power plant.

Additionally, JSW Energy has received the Commercial Operation Date (CoD) certificate for Unit 2 of its Utkal thermal power plant (2×350 MW).

The 1,600 MW greenfield thermal power project, to be constructed in Salboni, West Bengal, is scheduled for commissioning in 5 years. PPA for the entire 1,600 MW capacity has been signed with WBSEDCL for 25 years. The plant will utilize domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy.

Also Read: JSW Energy expects higher power demand and tariffs from the fourth quarter

The commissioning of Unit-2 of Utkal Thermal Power Plant, ahead of the upcoming high-demand season, plays a crucial role in meeting the nation’s growing base load demand. The Utkal Thermal Power Plant utilises domestic coal and sells power through the merchant market and bilateral contracts.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said, “I am pleased to announce the signing of a PPA with WBSEDCL for the 1,600 MW thermal plant in Salboni. This is the largest greenfield capacity and the largest PPA signed by JSW Energy.

This project is poised to significantly boost local employment opportunities and contribute to the region’s economic growth while ensuring a stable and reliable power supply for years to come.”

Also Read: CCI approves JSW Energy’s nearly ₹16,000 crore bid to acquire KSK Mahanadi Power

Shares of JSW Energy Ltd ended at ₹514.00, down by ₹1.50, or 0.29%, on the BSE.