JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has received a letter of intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for setting up 192 MW hybrid power project, including an additional 96 MW under the green shoe option.
The capacity is awarded against tariff based competitive bid invited for setting up of 500 MW grid connected hybrid power projects (Phase II) along with a green shoe option for additional capacity upto 500 MW.