JSW Energy Limited has successfully commissioned Unit-1 (350 MW) at Ind-Barath 700 MW (2 x 350 MW) thermal power plant in Odisha. Post the commissioning of this unit, the company’s operational capacity rises to 7,189 MW. This will help the Company to further diversify its fuel mix, geographical spread and off take arrangements.
Ind-Barath TPP was acquired under the NCLT proceeding in Dec-2022, against the resolution plan submitted under the IBC proceedings in 2019.
The swift commissioning of the unit is an achievement that demonstrates superior project execution ability, resilience, and exemplary teamwork making this one of the fastest turnarounds of a stalled thermal power project. The unit comes online at a critical juncture of sustained high demand growth and will support the nation’s ever increasing base load demand and help support the nation’s energy security needs.
The Company has set a target to reach 20 GW generation capacity and 40 GWh of energy storage capacity by 2030. With a total locked-in capacity of 9.8 GW the company is well placed to achieve its near-term target of 10 GW by 2025. In addition, the Company has currently locked in 3.4 GWh of energy storage capacity by means of battery energy storage system and hydro pumped storage project. JSW Energy has set an ambitious target for 50% reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.
