Archive · 26 Jul 2025
JSW Neo Energy Signs PPA for FDRE Project with SECI
JSW Neo Energy, a part of JSW Energy, has made a deal to sell electricity to the Solar Energy Corporation of India (SECI).
This deal is for a specific type of renewable energy project called FDRE, which means the energy is always available when needed.
The agreement ensures 230 MW of energy will be supplied for 25 years, costing Rs 4.98 per unit.
This is a big step for JSW Energy as it works towards generating more electricity, aiming for 30 GW of power and 40 GWh of energy storage by 2030.
JSW Neo Energy signed a Power Purchase Agreement (PPA) with SECI.
The agreement is for a 230 MW Firm and Dispatchable Renewable Energy (FDRE) project.
The PPA is for 25 years with a tariff of Rs 4.98 per kWh.
This is JSW Energy's first PPA for an FDRE project.
The company's total locked-in generation capacity is now 30.2 GW.
- Who
- JSW Neo Energy and the Solar Energy Corporation of India (SECI).
- What
- JSW Neo Energy signed a Power Purchase Agreement (PPA) for a Firm and Dispatchable Renewable Energy (FDRE) project.
- When
- The agreement was signed recently; details were announced by JSW Energy.
- Where
- The location of the project isn't specified.
- Why
- To provide advanced energy solutions and support the country’s energy transition goals, according to JSW Energy.
- Company
- JSW Neo Energy
- Partner
- Solar Energy Corporation of India (SECI)
- Project Type
- Firm and Dispatchable Renewable Energy (FDRE)
- Capacity
- 230 MW
- Agreement Duration
- 25 years
- Tariff
- Rs 4.98 per kWh
- Total Locked-in Generation
- 30.2 GW