JSW Energy on Wednesday announced that it has received letter of award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for development and operation of 1,600 MW thermal power plant (TPP). In a regulatory filing, the company said, “ “JSW Energy Limited (the company) has received letter of award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for development and operation of 1,600 MW greenfield (2 x 800 MW) super / ultra super critical domestic coal based thermal power plant (TPP).”
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The plant is awarded under competitive bidding process invited by WBSEDCL and it will utilise the domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy.
After this capacity award, the company’s total locked-in generation capacity achieved a milestone of 30 GW with share of thermal capacity at 9 GW. “With this the company is well positioned to achieve its target of 20 GW generation capacity significantly before 2030,” it said in a statement.
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Earlier in January, JSW Energy released its fiscal third quarter earnings report with a 27 per cent decline in net profit at Rs 168 crore in comparison to Rs 231 crore in Q3FY24. It posted revenue for the quarter at Rs 2,439 crore, down 4.1 pr cent from Rs 2,543 crore in Q3FY24.
The company had also approved raising of long term funds up to Rs 3,000 crore through the issuance of rated and listed non-convertible debentures on a private placement basis.
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