Key Transaction Details
JSW Energy PSP Eleven Limited (JEPEL), a step-down wholly owned subsidiary of JSW Energy Limited, has secured orders aggregating to ₹443.74 crores from Bondada Renewable Energy Private Limited (wholly owned subsidiary of Bondada Engineering Limited). The order comprises supply of Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions with capacity of 200 MW / 400 MWh.
Operational Capabilities
JEPEL operates a 5 GWh per annum battery assembly plant located in Pune.
Strategic Context
This engagement represents strategic expansion in the energy storage segment and reinforces the company's commitment to building capabilities across the energy value chain. Battery Energy Storage Systems are described as critical for India's evolving power ecosystem, supporting grid stability, peak load management, renewable energy integration, and round-the-clock power supply.
Company Capacity Overview
JSW Energy has total locked-in generation capacity of 32.1 GW, comprising:
- 14.53 GW operational capacity
- 13.0 GW under construction
Capacity spans thermal, hydro, and renewables with an additional pipeline of 4.6 GW.
Energy Storage Capacity
The company has 29.6 GWh of locked-in energy storage capacity, comprising:
- 26.4 GWh pumped hydro storage
- 3.2 GWh battery energy storage systems
Future Targets
- Target to reach 30 GW of generation capacity by 2030
- Target to reach 40 GWh of energy storage capacity by 2030
- Achieve carbon neutrality by 2050
Corporate Background
JSW Energy Limited is part of the USD 25 billion JSW Group with presence in steel, energy, infrastructure, cement, and sports. The company began commercial operations in 2000 with 2x130 MW thermal power plants at Vijayanagar, Karnataka and has grown from 260 MW to 14.53 GW capacity.