JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, on Tuesday announced that it has received Letter of Award (LoA) for ISTS-connected solar capacity of 700 MW from SJVN Limited. The company received the order against tariff based competitive bid invited for setting up of 1,500 MW ISTS-connected solar power projects.
Following the award of 700 MW capacity from SJVN Ltd, the company’s total locked-in capacity increased to 11.0 GW comprising 1.4 GW of solar capacity. The project is required to supply power of full contracted capacity within 24 months from the effective date of PPA.
