JSW Energy wins LoI from Himachal Pradesh Govt.

JSW Energy said that its wholly owned subsidiary JSW Neo Energy has received a letter of intent (LoI) from the Government of Himachal Pradesh for the allotment of 126 MW Chhatru Hydro Electric Power Plant (HEP).

The said project, awarded on BOOT (build, own, operate, and transfer) basis, has an operational life of 40 years.

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, is a vehicle formed as a part of the re-organisation of business to own all the renewable/green and new energy businesses.

The company is evaluating opportunities to foray into emerging energy businesses of hydro pumped storage, battery energy storage, green hydrogen, and becoming an energy products & services company.

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