JSW Neo Energy Secures 192MW Hybrid Power Project

30 Jul 2024 CW Team

JSW Energy announced that its subsidiary, JSW Neo Energy, has secured a 192-MW hybrid power project from Gujarat Urja Vikas Nigam, which includes an additional 96 MW under a greenshoe option. This award was given through tariff-based competitive bids for a 500 MW Grid-connected Hybrid Power Projects (Phase II), with an option for up to 500 MW more, according to a company statement.

The statement revealed that JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, had received a Letter of Intent from Gujarat Urja Vikas Nigam (GUVNL) to establish a 192 MW grid-connected hybrid power project, with the option to add 96 MW more.

Following this capacity award, the company?s total locked-in generation capacity now stands at 16.2 GW, which includes 2.1 GW in hybrid capacity. The company anticipates an installed generation capacity of 10 GW by FY25, an increase from the current 7.5 GW.

JSW Energy?s total locked-in generation capacity comprises 7.5 GW operational, 2.3 GW under construction across wind, thermal, and hydro projects, and a renewable energy pipeline of 6.3 GW (with Power Purchase Agreements signed for 2.0 GW). Additionally, the company holds 4.2 GWh of locked-in energy storage capacity through battery energy storage systems and hydro pumped storage projects. The company aims to achieve a generation capacity of 20 GW and an energy storage capacity of 40 GWh by 2030.

JSW Energy has also set an ambitious goal of reaching carbon neutrality by 2050.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..