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JSW Energy bags PPA of 208 MW

JSW Energy has secured purchase power agreements (PPAs) aggregating to 208 MW. The long term PPA share of the company on a consolidated basis, has now come up to 69.3% from the 64.6%.

A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, where one generates electricity and the other is looking to purchase electricity.

In a filing to the BSE the company stated, “JSW Energy has successfully secured PPAs aggregating to 208 MW…With this, the long-term PPA proportion of the company on a consolidated basis has increased from 64.6% at the end of second quarter of 2017-18 to 69.3% currently.”

Further the filing stated that, the agreement is for, a 176 MW PPA with Haryana Power Purchase Centre and 32 MW under group captive scheme to be supplied from the Ratnagiri plant of the company.

Read EquityPandit’s Technical Analysis on Nifty Energy

 

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