JSW Energy gains momentum with renewables and ratings

JSW Energy (BSE: 533148) is making significant strides in renewable energy and infrastructure development. The company's subsidiary, Energizent Power Private Limited, has signed a Power Purchase Agreement (PPA) with NHPC Limited for ISTS-connected 300 MW Solar-Wind Hybrid Capacity, with operations expected to begin in 24 months. The PPA is signed for supply of power for a period of 25 years with a tariff of INR 3.49/KWh. Additionally, the Committee of Creditors has approved JSW Energy's settlement proposal for KSK Water Infrastructures Private Limited, paving the way for the withdrawal of insolvency resolution proceedings, pending approval by the National Company Law Tribunal.