Mumbai, India — October 16, 2025 – JSW Energy (Utkal) Limited (“Utkal”), a subsidiary of JSW Energy Ltd (“the Company”) has received a Letter of Award (“LoA”) from Power Company of Karnataka Limited for a 400 MW, 25-year power supply arrangement from April 1, 2026. The coal shall be procured from Coal India Limited under SHAKTI Scheme 2017.
Upon the regulatory adoption and subsequent signing of the Power Purchase Agreement, Utkal will have 57% of its total capacity tied up under this arrangement, ensuring significant long-term earnings stability for the plant.
JSW Energy has total locked-in generation capacity of 30.5 GW comprising of 13.2 GW operational, 12.5 GW under-construction across thermal and renewable, 150 MW underacquisition 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 26.4 GWh 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 FY 2030 and achieve Carbon Neutrality by 2050.
