Mumbai, India — January 20, 2025 — JSW Thermal Energy Two Limited, a subsidiary of JSW Energy Ltd (“the Company”), has signed a Power Purchase Agreement (“PPA”) with West Bengal State Electricity Distribution Company Limited (“WBSEDCL”) for a greenfield 1,600MW (2 x 800 MW) super/ultra super critical thermal power plant and will be commissioned in Salboni, West Bengal, within 6 years.
The plant is awarded under competitive bidding process invited by WBSEDCL. The plant will utilize domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy. This is the second PPA which the Company has signed with WBSEDCL after the signing of 1,600 MW earlier in March 2025.
Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy
“I am pleased to announce the signing of our second 1,600MW PPA with WBSEDCL for a thermal power project at Salboni, increasing our total capacity at the site to 3,200MW. This makes Salboni our largest single-location asset and reinforces our commitment to India’s energy security through the supply of reliable and affordable power. The project benefits from its strategic proximity to coal blocks, as well as synergies with the existing 1,600MW unit under construction, driving significant operational efficiencies. This milestone marks another important step in expanding our thermal portfolio as we continue to build efficient, scalable energy assets that create long-term value for all stakeholders”
The Company currently owns and operates 5,658 MW of thermal generation capacity. With 3,200MW under construction at Salboni and an option to add 1,800MW at KSK Mahanadi, the Company’s total thermal capacity is expected to increase to 10,658 MW, with the entire incremental capacity using domestic coal.
JSW Energy has total locked-in generation capacity of 32.1 GW comprising of 13.3 GW operational, 14 GW under-construction across thermal and renewable, 150MW under-acquisition hydro and has pipeline of 4.6 GW. The company also has 29.4 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4GWh and battery energy storage system of 3.0 GWh. The Company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by 2030 and achieve Carbon Neutrality by 2050.
