JSW Neo Energy receives letter of intent for developing 126 MW Chhatru hydro project in Himachal Pradesh

JSW Energy Limited’s arm, JSW Neo Energy Limited, has received a letter of intent from the Himachal Pradesh government for developing the 126 MW Chhatru hydro electric power plant (HEP).

The project will be developed on build, own, operate, transfer (BOOT) basis, with an operational life of 40 years. Subsequently, JSW Energy’s platform capacity now stands at around 9.2 GW (share of renewables at 66 per cent). Notably, JSW Energy has set an ambitious target for a 50 per cent reduction in its carbon footprint by 2030 and to achieve carbon neutrality by 2050. The company has set a target to reach 20 GW capacity by 2030, with the share of renewable energy increasing to 85 per cent.

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