At A Glance

7 GW


Diversified Asset Portfolio
(55% Renewable)

4.6 GW


Installed Capacity

Thermal – 3,158 MW
Hydro and Solar – 1,401 MW

2.4 GW


Under-Construction Capacity (100% Renewable)

Delivering Consistent Value

JSW Energy is the second-largest entity in the USD 22 billion JSW Group. At JSW Energy, we are India’s leading power company, striving to deliver value to our stakeholders consistently.

Becoming a Net-Zero Company

With climate change as a challenge, we intend to transition towards becoming a predominantly renewables-based company and become a net-zero company well before 2050. We endeavour to fulfil our purpose through our values; sustainable business practices; and our six strategic pillars that are instrumental for our sustainable growth.

Our Purpose

We aim to be the leading power generation company in India driven by efficient operations and low carbon footprint. We also aim to transition from generation to a products and services company. Our purpose is to consistently deliver superior value to our shareholders while also being ecologically sensitive through our robust Environmental, Social and Governance practices and inclusive growth strategy. We aim to meet the growing demand for power in the future sustainably, keeping in mind our next generation.

Our Values

valueimg1

Confidence

valueimg2

Courage

valueimg3

Commitment

valueimg4

Compassion

valueimg5

Collaboration

Transformation at JSW Energy

During the year, we began a transformation at JSW Energy. In pursuit of our mission to transition the world to renewable energy, we reorganised our business into grey (thermal) and green (renewable) businesses to potentially unlock value in future. We are expanding our renewables portfolio and scaling our capacity to 20 GW by 2030 with proven, best-in-class technology. The existing and upcoming renewable energy businesses will be housed under JSW Neo Energy. This will help us build and streamline Renewable portfolio to potentially unlock value for shareholders going ahead.

Enhancing Value across our Six Capitals


Financial Capital


This constitutes our equity, reserves, debt and cashflow to sustain our operations and fund growth. Our prudent capital management facilitates us in optimising allocation and enhancing returns.

More Details

1,729 crore


PAT

4,138 crore


EBITDA

17,415 crore


Networth


Manufactured Capital


This includes our world-class manufacturing facilities that help us generate and deliver power to the market. Our best-in-class technologies help us enhance the reliability of our supply, while managing our environmental footprint.

More Details

7 GW


Diversified asset portfolio

4.6 GW


Installed capacity


Intellectual Capital


This constitutes our industry proficiency, experience, ability to innovate and adopt new technologies that help us deliver operational excellence and become future-ready.

More Details

110.65 crore


Investment towards Technological Upgradation

33.5 crore


Investment committed for Digitalisation


Human Capital


This includes our people with an innovative mindset and diverse abilities that help us deliver on our desired goals. Our inclusive culture helps foster critical skillsets and our leadership capabilities.

More Details

1,603


Number of Employees

23,198 hours


Number of Training
Manhours


Social & Relationship Capital


Our multi-stakeholder approach helps play a key role in enhancing long-term stakeholder value.

More Details

17.17 crore


Total CSR Spend

1,60,973


Number of Direct
Beneficiaries Impacted


Natural Capital


Our constant focus remains on minimising our environmental footprint with responsible business practices.

More Details

14.78 lakh cubic metres


Soil retained till date with plantation initiatives at the Hydro Plant.
(Sholtu, Himachal Pradesh)

37,196


Number of Saplings Planted

Current Portfolio Mix (including under construction)

Power Generation

7 GW


Overall Portfolio

4.6 GW


Installed Capacity

2.4 GW


Under-Construction

Green Hydrogen

To tap significant clean energy market opportunity in India and become a front-runner in a future hydrogen economy

Energy Storage

Hydro Pumped Storage

Secured resources for 5 GW Hydro Pumped Storage projects with various states

Future Aspirations and Targets

FY2025


To become a 10 GW company

Transforming to 70% Renewable

FY2030


To become a 20 GW company

Transforming to 85% Renewable

FY2050


Towards Net-Zero by 2050

New Growth Platforms

Green Hydrogen & its Derivatives

Hydro Pumped Storage

Battery Energy Storage

Energy Products & Services

Our Renewables-Led Growth Map

We are working on a growth roadmap, led by renewables, to become a 20 GW company by FY2030. We plan to add 15 GW till FY2030, with the incremental capacity from renewable sources. With this, we intend to capitalise on a new era of renewable power generation, and play a significant role towards India’s carbon-free future.

FY2020-30: CAGR 16% (4X)

7 GW


FY2022

10 GW


FY2025*

20 GW


FY2030*

3.8# GW


Renewable

6.8 GW


Renewable (Wind, Solar, Hydro)

16.8 GW


Renewable (Wind, Solar, Hydro)

3.2 GW


Thermal

3.2 GW


Thermal

3.2 GW


Thermal


* Estimated
# Includes 2.4 GW under construction

Scaling to 20 GW by 2030 via Renewables


Strategic Reorganisation of Green and Grey


Grey Business: 3,158 MW

Ratnagiri
1,200 MW

Operational

Barmer
1,080 MW

Operational

Vijayanagar
860 MW

Operational

Nandyal
18 MW

Operational

Green Business: 3,859 MW

Karcham Wangtoo
1,091 MW

Installed-1,091

Operational-1,045

Baspa II
300 MW

Operational

Solar
10 MW

Operational

Group Captive-JSW Steel
225 MW

Operational


733 MW

Operational

SECI – IX
810 MW

Under-Construction

SECI – X
450 MW

Under-Construction

Kutehr
240 MW

Under-Construction

Broad Corporate Structure : Post re-organisation scenario

Exploring new opportunities in emerging energy platforms

We are venturing into the emerging energy areas of green hydrogen and its derivatives, offshore wind, battery and pumped hydro storage and energy services for use in industrial and transport sectors in India. We also plan to explore opportunities to utilise green hydrogen for steel making, hydrogen mobility, ammonia, carbon capture and other industrial applications in India.

Green Hydrogen

Energy Storage (Hydro Pumped and Battery Energy)

Energy Products and Services

Year 2021-22 in Brief

Our Company has demonstrated robust operational and financial performance while undergoing a significant transition to clean energy. The Company is on track to achieve 20 GW capacity by 2030

Key Achievements of FY2022

  • Achieved Leadership Band (A-) in Climate Disclosure Project (CDP) – Highest rating in the power sector in India, the only company from India and one out of two from Asia in the power sector to achieve this feat
  • Safety recognitions by the British Safety Council for all Thermal plants including the prestigious “Sword of Honor” for the Barmer plant

Our Nationwide Presence

With our expanding presence, we aim to play a meaningful role in meeting India’s growing future demand for energy. Through an ambitious growth plan, we are reinforcing our position at the forefront of energy transition. Our renewables portfolio, which is currently at 55%, is set to grow to 70% of our total energy portfolio by 2025, and to about 85% by 2030.

Barmer

1,080 MW


  • Configuration: 8 X 135 MW
  • Units operating: since 20092
  • Technology: Sub-critical pithead Lignite based TPP
  • Fuel Source: Captive Lignite mines of BLMCL1
  • Power Offtake: Long Term PPA : 100%

Ratnagiri

1,200 MW


  • Configuration: 4 X 300 MW
  • Units operating: since 20102
  • Technology: Sub-critical TPP
  • Fuel Source: Imported Thermal Coal
  • Power Offtake: Long Term PPA: 90%

Nandyal

18 MW


  • 1x18 MW Thermal Power Plant
  • 100% LT PPA Group
  • Captive scheme

Vijayanagar

860MW


  • Configuration: 2x130 MW and 2x300 MW
  • Units operating: since 20002
  • Technology: Sub-critical TPP
  • Fuel Source: Imported Thermal Coal & Gas
  • Power Offtake: Long Term PPA : 39%

Baspa II and Karcham Wangtoo - Himachal Pradesh

300 MW & 1,091MW 3


  • Configuration: 3x100 MW (Baspa II); 4x272.75 MW (Karcham)
  • Units operating: Baspa II since 20032 and Karcham Wangtoo since 201122
  • Technology & Fuel Source: Hydro
  • Power Offtake: Long Term (1,300 MW), Short Term (45 MW)
Solar

10MW


  • Ground based and rooftop solar power projects across various locations with captive power tie-up within JSW Group

Kutehr (Under-Construction)

240MW


  • Configuration: 3x80 MW
  • Fuel Source: Hydro Power Plant
  • PPA signed with Haryana Power Purchase Center in March 2022 for 35 years

Solar - Vijayanagar (Under-Construction)

225MW


  • Power Offtake: PPA with JSW Steel
Wind (Under-Construction)

1,993 MW

  • 810 MW, SECI IX – PPA Signed
  • 450 MW, SECI X – PPA Signed
  • 733 MW, JSW Steel – PPA Signed

(Map not to scale. For illustrative purposes only)


(1) Long term FSA with BLMCL for supply of lignite from its captive mines
(2) Denotes start of first unit in respective calendar year, TPP - Thermal Power Plant
(3) Current approved operational capacity at 1,045 MW. CEA approval received for uprating from 1,000 MW to 1,091 MW, in a phased manner.

Our 2.4 GW Under-Construction Projects