Company Profile
JSW Energy is amongst India’s leading independent power producers. It is a part of JSW Group, one of India’s leading conglomerates. As India reaches a significant milestone in its renewable energy journey, and remains steadfast in its transition towards clean energy and achieves the fastest pace of renewable capacity addition amongst the major economies, the company is supporting India’s ambitious transition goals by building an integrated portfolio of power generation and energy storage assets and with its foray into energy products and services. It is a diversified energy company present across all modes of generation and storage, looking at backward integration for supply chain de-risking, and forward integration by foraying into the electrons to molecules business.
JSW Energy’s portfolio includes thermal, renewable, and hydroelectric power generation, with an increasing focus on delivering reliable and dispatchable next generation energy solutions such as battery energy storage and pumped hydro storage projects.
Business area of the company
The company is primarily engaged in power generation business, with a well-diversified portfolio of thermal and renewable assets spread across multiple geographies in India. JSW Energy operates and continues to strengthen its presence across the energy value chain - encompassing power generation, transmission, power trading, mining, energy storage, and green hydrogen. It operates a well-diversified generation portfolio across Thermal, Hydro, and Renewable assets, with a strong focus on integrating multiple renewable sources and delivering dispatchable and customised energy solutions.
Business Segments
- Power Generation
- Power Transmission
- Power Trading
Awards:
2020-21
- Mission Energy foundation 5th Edition of Thermal Power O&M - Conference award focusing on O&M best practices. The Barmer Plant won in the category of 'Power Plant Performer = 500 MW Lignite'
- CII National Award for Excellence in Energy Management-2020, Vijayanagar Plant is recognized as Energy Efficient unit for Excellence in Energy Management 2020
- State level Energy Conservation Award by Maharashtra Energy Development Agency (MEDA), Ratnagiri plant is awarded for excellence in Energy Conservation and Management by Maharashtra Energy Development Agency (MEDA)
2021-22
- Vijayanagar Plant received International Safety Merit Award for FY21 by the British Safety Council for the Year 2021
- Ratnagiri Plant received Five Star grading in Occupational Health and Safety Audit by the British Safety Council in March 2022
2022-23
- JSW Energy was conferred with CAP 2.0 ‘Oriented Award’ in the Energy, Mining and Heavy Manufacturing Sector
- Ratnagiri plant was awarded with ‘Excellence in Water Optimisation’ by CII-Mission Energy; and also won the SEEM Platinum Award for excellence in Thermal Power Plant category
- Barmer Plant accredited with the ‘Prashansa Patra’ from National Safety Council for Occupational Health & Safety (OHS)
2023-24
- JSW Energy was conferred with CAP 2.0° ‘Resilient Award’ in the Energy, Mining and Heavy Manufacturing Sector
- Ratnagiri plant was awarded with ‘Excellence in Water Optimisation’ by CII-Mission Energy; and also won the SEEM Platinum Award for excellence in Thermal Power Plant category
- Received Gold Award for Best Annual Report, Award for the Top 80 Reports, and among Top 10 Indian Reports (Global Award)
- Received ESG Risk Rating Score of 23.2 from Morningstar Sustainalytics, indicating medium risk
2024-25
- JSW Energy (Barmer) received the “National Efficiency Award 2024” Organised by Mission Energy Foundation at New Delhi
- Global Work Place Safety Excellence Award -2024 by Greentech Foundation
- Greentech Global EHS (Environment Health & Safety) Award, Bangkok (Thailand) for EHS Outstanding Practices
- FICCI - 2nd FICCI Award for Excellence in Maintenance Systems & Conference in Silver - Maintenance Excellence category
Milestones:
2010
2013
JSW Energy, total operational capacity went up to 3,140 MW because of the commencement of the four Barmer units (total 540 MW)
JSW Energy Commenced a Generation of Power of Unit VII of 135MW at Barmer, Rajasthan.
2014
JSW Energy acquires Himachal Baspa Power Company worth Rs 9,700 crore.
JSW Energy inks MoU with Jaiprakash Power Ventures for the acquisition of three operational plants of JPVL.
2015
JSW Energy signed a Non-binding Memorandum of Understanding (MOU) with Monnet Ispat and Energy Limited
JSW Energy Limited has concluded the acquisition of 100% of the securities of Himachal Baspa Power Company Limited.
2016
2020
JSW Energy signs pact with Jaiprakash Power Ventures to restructure debt.
Jaiprakash Power Ventures allots equity shares worth Rs 351.77 crore to JSW Energy.
JSW Energy terminates deal to acquire GMR Kamalanga Energy.
2021
- JSW Energy signs Business Transfer agreement with JSW Cement
- JSW Energy achieves five-star grading for Barmer Plant
- JSW Energy signs contract with GE Renewable Energy
2022
- JSW Energy’s arm signs power purchase agreement with Haryana Power Purchase Centre
- JSW Energy’s arm gets LoA for 300 MW of wind capacity from SECI
- JSW Energy’s arm gets letter of intent from Government of Himachal Pradesh
- JSW Energy’s arm starts phase-wise commissioning of ISTS-connected Wind Power Project
- JSW Energy completes acquisition of Ind-Barath Energy
2023
- JSW Energy’s arm receives LoA for 500MW Standalone Battery Storage System from SECI
- JSW Energy’s arm starts phase-wise commissioning of ISTS-connected Wind Power Project
- JSW Energy’s arm commissions 51 MW of wind power capacity
- SW Energy’s arm receives LoI from Power Company of Karnataka
2024
- JSW Energy commissions Unit-1 of Ind-Barath Thermal Power Plant
- JSW Energy’s arm secures green hydrogen production facility under SIGHT Scheme
- JSW Energy secures multiple renewable energy projects
- JSW Energy’s step-down arms sign agreements with MSEDCL
2025
- JSW Energy’s arm completes acquisition of 125 MW of renewable energy assets
- JSW Energy secures LoI for KSK Mahanadi
- JSW Energy secures order from WBSEDCL for 1600MW TPP
- JSW Energy’s arm acquires 100% stake in Virya Infrapower
- JSW Energy’s arm completes acquisition of 4.7 GW renewable energy platform