JSW Energy Ltd Is One Of The Leading Private sector Power Producers in India Acquired the 45 MW Wind Project of Reliance PowerSW Energy Ltd
JSW Energy Ltd: JSW Energy Ltd who is a leading private sector power producer had recently acquired the 45 MW Wind Project of Reliance PowerSW Energy Ltd. The project will secure a power purchase agreement with the Solar Energy Corporation of India (SECI) for 25 years. where they will lead to the construction of 1.8 GW of greenfield renewable energy capacity, aiming to achieve 10 GW capacity well ahead of its FY25 targets and 20 GW capacity by FY30. The project, awarded under SECI Tranche X, will view the commissioning of the first phase of 27 MW in Tuticorin, Tamil Nadu. The company had set a target for a 50 per cent reduction in its carbon footprint by 2030 and achieving Carbon Neutrality by 2050, with the target to reach 20 GW capacity by 2030, with the renewable energy share increasing to around 81 per cent.
JSW Group
JSW Group
JSW Group, a prominent Indian multinational conglomerate headquartered in Mumbai, is a key player in various industries under the leadership of Sajjan Jindal. JSW Group, as part of the O.P. Jindal Group, maintains a strong legacy of entrepreneurship, innovation, and sustainable business practices. The group’s operations extend beyond India, with a presence in the United States, South America, and Africa
JSW Energy Limited
JSW Energy Limited, an Indian power company engaged in power generation, transmission and trading is part of the JSW Group
Power Plants:
- JSW Vijayanagar Power Station:
- Location: Toranagallu village, Bellary district, Karnataka.
- Capacity: 1460 MW, consisting of 2 units of 130 MW each and 4 units of 300 MW each.
- JSW Ratnagiri Power Station:
- Location: Nandiwade village near Jaigad, Ratnagiri district, Maharashtra.
- Capacity: 1200 MW, comprising 4 units of 300 MW each.
- JSW Barmer Power Station:
- Location: Bhadresh village, Barmer district, Rajasthan.
- Capacity: 1080 MW, consisting of 8 units of 135 MW each.
- Karcham Wangtoo Hydroelectric Plant:
- Location: Kinnaur district, Himachal Pradesh.
- Capacity: 1,091 MW.
- Acquisition: Commissioned in 2011, acquired by JSW Energy in 2015.
- Baspa-II Hydroelectric Plant:
- Location: Kinnaur district, Himachal Pradesh.
- Capacity: 300 MW.
- Commissioned: 2003.
- Acquisition: Acquired by JSW Energy in 2015.
- Vijaynagar Solar Plant:
- Location: Vijaynagar, Karnataka.
- Capacity: 225 MW.
- Commissioned: 2022.
Acquisitions:
- In 2015, JSW Energy made a significant acquisition of two hydropower plants from the Jaypee Group:
- Combined Capacity: 1,391 MW.
- Acquisition Cost: ₹9,700 crore.
JSW Group’s companies:
Listed Companies:
- JSW Steel: One of the world’s largest single-blast furnaces with a capacity of 4.8 MTPA and an overall installed capacity of 28.5 MTPA.
- JSW Energy: Power generation capacity of 6564 MW, with plans to increase to 20GW by March 2030.
- JSW Infrastructure: Engaged in port, road, and rail connectivity development, with 10 ports and terminals in India and one in the UAE.
- JSW Holdings: A Non-Banking Financial Company (NBFC) that makes strategic investments in new ventures promoted by the JSW Group.
Unlisted Companies:
- JSW Cement: Currently has a capacity of 17 MTPA and is working on developing zero-clinker cement.
- JSW Defence and Aerospace: Acquired a 51% stake in Gecko Motors Private Ltd., now rebranded as JSW Gecko Motors, and has been awarded a ₹250 crore defence ministry contract.
- JSW Paints: Operates two manufacturing facilities for industrial and decorative coatings.
- JSW Ventures: Venture capital arm investing in early-stage Indian startups.
- JSW Realty: Focuses on sustainable residential and commercial projects.
- JSW Sports: Owns several sports teams including Delhi Capitals, Bengaluru FC, and Haryana Steelers.
- JSW One Platforms: Comprises JSW One MSME and JSW One Homes, providing industrial materials and home construction solutions respectively.
Joint-Ventures:
- JSW Ispat Special Products Limited: Manufacturing and marketing of various steel products.
- JSW MG Motor India: A joint venture with China’s SAIC Motor, with a 35% stake in MG Motor India.
Research and Development:
- JSW School of Public Policy (JSW-SPP), Indian Institute of Management Ahmedabad: Inaugurated in February 2023.
- JSW Technology Hub for Manufacturing of Steel (JSW-TH), Indian Institute of Technology Bombay: Engaged in research areas including decarbonization, green hydrogen, and solid waste management.
What recent acquisition did JSW Energy make?
JSW Energy recently acquired the 45 MW Wind Project of Reliance Power Ltd.
What is the significance of this acquisition?
The acquisition secures a power purchase agreement with the Solar Energy Corporation of India (SECI) for 25 years. It also aligns with JSW Energy’s ambitious plans to expand its greenfield renewable energy capacity.
What are JSW Energy’s capacity targets?
JSW Energy aims to achieve 10 GW capacity well ahead of its FY25 targets and 20 GW capacity by FY30.
What is the first phase of the project and where is it located?
The first phase of the project involves the commissioning of 27 MW in Tuticorin, Tamil Nadu.
What are JSW Energy’s environmental goals?
JSW Energy has set a target for a 50% reduction in its carbon footprint by 2030 and aims to achieve Carbon Neutrality by 2050. They plan to reach 20 GW capacity by 2030, with the renewable energy share increasing to around 81%.
