Power Generation Company Signs PPA with BESCOM for Solar Project with Battery Storage

JSW Renew Energy Forty Five Limited, a step-down subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement with Bangalore Electricity Supply Company (BESCOM) for a grid-connected 100MW Solar Project with 100MWh Battery Energy Storage System (BESS). The aforesaid project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district. The Power Purchase Agreement (PPA) has been signed for a tenure of 25 years at a tariff of Rs 4.31 per kWh.

Subsequent to this, the Company's total locked-in energy storage capacity stands at 29.4 GWh, including 3.0 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. The Company is well-positioned to achieve its target of 40 GWh of energy storage by 2030.

About JSW Energy Ltd

JSW Energy Ltd., a prominent private sector power producer in India and part of the USD 23 billion JSW Group, has diversified assets spanning power generation and transmission. The company, which began commercial operations in 2000 with its 2x130 MW thermal power plants in Vijayanagar, Karnataka, has significantly expanded its power generation capacity from 260 MW to 12.5 GW. JSW Energy is actively constructing projects totalling 12.8 GW, with an ambitious vision to reach a total power generation capacity of 30 GW by 2030, supported by strong operations, robust corporate governance, and prudent capital allocation strategies.

The company has a market cap of over Rs 90,000 crore and has been maintaining a healthy dividend payout of 20 per cent. As of June 2025, the Life Insurance Corporation of India (LIC) owns a 6.02 per cent stake. The stock is up by 28.5 per cent from its 52-week low of Rs 419.10 per share.

Disclaimer: The article is for informational purposes only and not investment advice.