JSW Energy Signs 25-Year PPA with SJVN for 700 MW Solar Project in Rajasthan

JSW Energy announced on Monday that it has entered into a power purchase agreement with state-owned SJVN for a 700-megawatt inter-state transmission system (ISTS) solar project in Rajasthan. The company plans to complete the project within the next 24 months. According to JSW Energy, its wholly-owned stepdown subsidiary, JSW Renew Energy (Raj) Limited, has signed the PPA with SJVN for a 700 MW ISTS-connected solar capacity. The agreement is for a 25-year period with a tariff of Rs 2.52 per kilowatt-hour. The total locked-in capacity of the project is 13.9 GW, and the locked-in solar capacity is now at 3.5 GW. The company did not disclose any financial details related to the project.