JSW Energy arm gets 700 MW ISTS system solar power project from SECI

New Delhi: JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has received a Letter of Award (LoA) for a 700 MW inter-state transmission system solar project from Solar Energy Corporation of India (SECI), an exchange filing said on Thursday. With this awarded capacity of 700 MW (Megawatt), the company's total locked-in generation capacity increased to 11.7 GW, of which 2.1 GW will be solar, the company said.

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JSW Energy said its current installed generation capacity is 7.2 gigawatt (GW), and aims to have 9.8 GW of installed capacity by 2024-end.

"JSW Neo has received a Letter of Award (LoA) for (inter-state transmission system) ISTS-connected solar capacity of 700 MW from SECI, against tariff-based competitive bid invited for setting up of 1,500 MW ISTS-connected solar projects," JSW Energy said in the filing.

In addition, the company has 3.4 GW of locked-in energy storage capacity by means of battery energy storage system and hydro pumped storage project.

SECI is a nodal agency of the central government for auctioning renewable energy projects.

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