INTEGRATED ANNUAL
REPORT 2022-23
INTEGRATED ANNUAL
REPORT 2022-23
With a strong focus on sustainable value creation for all our stakeholders and in supporting India in meeting its Net Zero targets, we remain committed to the environment and the society, and to reduce our carbon footprint and reduce our impact on the environment. With a strategy to advance in the renewable energy segment, JSW Energy owns and operates a diversified portfolio of assets in thermal, hydro and renewable segments, delivering maximum operational efficiency.
We are building our organisational capabilities in the renewable space and commissioning new renewable capacities, and have already initiated the process of acquiring topographically productive land banks. We are well positioned to pursue attractive growth opportunities, given our strong balance sheet in the Indian power segment and healthy cash flows, also gaining the headroom to remain persistent with other growth plans in the renewable energy segment. To derive significant value for our stakeholders, we are also evaluating inorganic growth opportunities.
Renewable energy will be at the centrepiece of India’s long-term power story, given the Government’s impetus towards green energy, huge investments from global investors and the tech-led improving project economics. With the changing dynamics of India’s power sector and the shifting landscape in India, JSW Energy is positioned well with its strategy to move forward in the renewable energy space along with Energy Storage. With renewable energy driving capacity addition in the power sector, there appears a huge untapped potential in India’s renewable energy segment.
We are capitalising on renewable power generation to support India as it moves forward in becoming carbon-free. We are working on our strategy of becoming a 20 GW generation company by 2030 along with 40 GWh / 5 GW Energy Storage capacity. We have onboarded new opportunities in our business, which is mainly leading us towards emerging as India’s leading power producer, as we balance our growth aspirations and risk management.
Investing in assets with sufficient capability to generate low-cost power to reduce offtake and receivable risks; Engaging into long-term PPAs executing visibility to stable long-term cash flows and stable revenues
Blending excellent project execution and operational expertise to generate healthy free cash flows
Utilising free cash flows to invest in capex and de-leverage balance sheet, and in the process, generating headroom to pursue value -accretive growth
Enabling prudent capital allocation with stringent due diligence practices are ensured; business case is stress-tested effectively to ensure economic viability of proposed projects
By transitioning to green energy, we are creating growth and value for our shareholders, employees and the society.
All our business decisions are adopted in keen consideration of the interests of our stakeholders.
With strong PPAs and supply-side linkages, we are supporting India as an ‘Energy Partner’ and not an ‘Energy Supplier’.
By inculcating the global best practices within the Company, we are constantly striving to match the changing technology curve.
By consciously aligning ourselves well with regulations, we are on target to achieve our business goals and attain investment objectives.
We offer complete support in facing the onslaught of global warming and climatic change.
To get the best returns on our assets, we continually optimise our operations and performance.
Our strong balance sheet also provides enough headroom for growth and leads us towards value creation for all our stakeholders sustainably.
By providing full-fledged support in improving our social communities and creating a net positive society, we contribute in taking our nation forward. of global warming and climatic change.
INTEGRATED ANNUAL