JSW Neo Energy bags 192-MW power project from Gujarat Urja Vikas Nigam

JSW Energy on Monday said its arm JSW Neo Energy has secured a 192-MW hybrid power project, including an additional 96 MW under the greenshoe option from Gujarat Urja Vikas Nigam.

The capacity is awarded against tariff-based competitive bids invited for setting up a 500 MW Grid connected Hybrid Power Projects (Phase II), along with a greenshoe option for additional capacity up to 500 MW, a company statement said.

According to the statement, JSW Neo Energy -- a wholly owned subsidiary of JSW Energy (or the company) -- has received a Letter of Intent (or LoI) from Gujarat Urja Vikas Nigam Ltd (GUVNL), for setting up a 192 MW grid connected hybrid power project, including an additional 96 MW under the greenshoe option.

Subsequent to this capacity award, the company's total locked-in generation capacity increases to 16.2 GW, including the total locked-in hybrid capacity of 2.1 GW, according to the statement.

The company expects to have an installed generation capacity of 10 GW by FY25,