JSW Energy has started construction on its 1,600 MW (2×800 MW) ultra-supercritical thermal power plant in Salboni, West Bengal. This ₹16,000 crore project is the company’s biggest greenfield (newly built from scratch) project so far.
The power generated from this plant will be sold under a 25-year PPA (Power Purchase Agreement) with the WBSEDCL (West Bengal State Electricity Distribution Company). The plant will run on domestic coal allocated under the government’s SHAKTI B (IV) policy.
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This project is a key part of JSW Energy’s plan to grow its presence in eastern India. It is expected to improve regional infrastructure and create more than 2,000 jobs, both directly and indirectly.
Earlier this year, JSW Energy also acquired KSK Mahanadi Power Company, which owns another thermal power plant. Alongside the power plant, JSW is developing a 2,000-acre Industrial Park in Salboni. This park will have plug-and-play infrastructure based on modern urban planning and is expected to drive industrial and economic growth in West Bengal and the eastern region of India.
JSW Energy is progressing towards its goal of reaching 20 GW of power generation capacity well before 2030. The company currently has over 30 GW of projects in the pipeline and expects to reach 14 GW of installed capacity by June 2025.
The company is also active in the energy storage sector, with a total project pipeline of 16.3 GWh. This includes a major 12 GWh pumped hydro storage project. JSW Energy is aiming for 40 GWh of energy storage capacity by 2030.
JSW Energy Limited is an Indian energy company involved in generating, transmitting, and trading electricity. It operates as a part of the JSW Group.
As of April 22, JSW Energy share price is trading at ₹517.85, with a 52-week high of ₹804.90 and a 52-week low of ₹418.75.
JSW Energy’s massive investment in West Bengal marks a major step in its expansion plans and reinforces its commitment to strengthening India’s energy and industrial future. With large-scale power and storage projects underway, the company is well-positioned to play a leading role in the country’s energy transition.
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Published on: Apr 22, 2025, 11:01 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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