JSW Renew Energy Three Ltd. (JSWRETL), a 100% step-down subsidiary of JSW Energy Ltd. has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) Ltd. for wind power projects totaling 300 MW.
These projects fall under SECI’s tranche XII for developing Interstate Transmission System (ISTS) projects. According to the PPA, JSWRETL will supply wind energy to SECI for a period of 25 years at a tariff rate of Rs. 2.94 per KWh. These upcoming projects will be located in Maharashtra and expected to be completed in 24 months.