JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has received letter of intent (LoI) for grid connected solar capacity of 300 MW from Gujarat Urja Vikas Nigam Limited (GUVNL), against tariff based competitive bid invited for setting up of 1,125 MW grid connected solar power project to be set-up in Gujarat State Electricity Corporation Limited’s (GSECL) renewable energy park at Khavda.
The company’s current installed generation capacity is 7.2 GW, of which 675 MW is solar. The company expects to have 9.8 GW of installed capacity by 2024. With this awarded capacity of 300 MW under GSECL Stage-3, the company’s total locked-in generation capacity increases to 12.0 GW, of which 2.4 GW will be solar.