FEBRUARY 20259JSW GROUP TO ENHANCE WEST BENGAL'S ENERGY WITH MAJOR POWER PROJECT CAPITALWELSPUN INVESTMENT PLANS TO BOOST ODISHA ENERGY TRANSFORMATIONThe state of Odisha will receive substantial growth in renewable energy capabilities through Welspun New Energy's 13,500 crore agreement with local officials. Through this agreement, Welspun New Energy will pursue the development of two vital renewable power projects At the Bengal Global Business Summit (BGBS) 2025, Sajjan Jindal announced in a major statement that JSW Group will dedicate Rs 16,000 crore to developing a 1,600 MW power project in Salboni, West Bengal. The planned investment will transform the region's power network and support India's extended power generation objectives. The chairperson of JSW indicated their intention to expand operation capacity twofold, which will require another massive investment.JSW Energy succeeded in obtaining a greenfield thermal power development order through WBSEDCL's competitive bid process aimed at developing the project in West Bengal. The company secured a Letter of Award to build a 1,600 MW (2x800 MW) super/ultra-supercritical domestic coal-based thermal power plant.The Salboni site has a cement grinding facility and ample land storage, which will include industrial development and Durgapur airport infrastructure through JSW's expansion plans for regional industrial growth.The Indian power production company JSW Energy holds 30 GW in locked-in generation capacity while its thermal power contribution reaches 9 GW. The company continues to outpace its 2030 generation capacity target of 20 GW because it is already nearing its milestone. totalling 3,200 MW to strengthen Odisha's clean energy infrastructure.These initiatives establish strong energy storage systems that ensure renewable power effectively merges with the power grid. With this initiative, India shows support for its 2030 goal of generating 500 GW of renewable energy capacity while progressing its sustainable energy infrastructure."The projects, backed by our 13,500 crore investment in green technologies, mark a key milestone in our mission to accelerate renewable energy adoption in the state, highlighting our unwavering commitment to innovation and sustainability," said Kapil Maheshwari, Executive Director & CEO of Welspun New Energy.Welspun World, the parent firm, has a significant footprint in various sectors, such as steel, renewable energy, line pipes, oil and gas, and infrastructure. This investment highlights its strategic emphasis on enhancing India's clean energy sector.As Odisha becomes a center for green energy, these advancements will draw additional investments, generate job opportunities, and aid India's shift to a low-carbon economy. Through the use of cutting-edge renewable technologies, Welspun New Energy intends to significantly impact the country's energy landscape.
< Page 8 | Page 10 >