JSW Energy unit secures 400 MW power deal with Karnataka DISCOMs

JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Ltd, has signed a power purchase agreement (PPA) to supply 400 MW of power to multiple Karnataka DISCOMs. The 25-year agreement begins April 1, 2026, at a tariff of ₹5.78 per kWh. This PPA reduces JSW Energy's open capacity from about 8% to approximately 5% of its current operational capacity, which is expected to enhance long-term revenue visibility and de-risk its generation portfolio.

The company's total locked-in generation capacity now stands at 30.5 GW, comprising 13.3 GW operational, 12.4 GW under construction, 150 MW of hydro capacity under acquisition, and a 4.6 GW development pipeline. Additionally, JSW Energy boasts 29.4 GWh of locked-in energy storage capacity, including 26.4 GWh from hydro pumped storage projects and 3.0 GWh from battery energy storage systems.

JSW Energy remains on track to achieve its strategic goals of 30 GW generation capacity and 40 GWh energy storage capacity by FY 2030, with a commitment to achieving carbon neutrality by 2050.