Integrated Annual
Report 2023-24
Integrated Annual
Report 2023-24
JSW Energy Limited, the energy vertical of USD 24 billion JSW Group, operates across the energy value chain – power generation, transmission and power trading. In resonance with the Group’s values, and with efficient utilisation of resources, we are committed to becoming an ‘energy products and services’ company by supplying reliable, affordable and quality power.
JSW Energy owns and operates a diverse portfolio of assets spanning across generation from Hydro, Wind, Solar and Thermal segments, delivering maximum operational efficiency and is expanding to new-age businesses like energy storage, green hydrogen and equipment manufacturing. With one of the strongest balance sheets in the Indian power sector, and healthy cash flows, we are well positioned to pursue attractive growth opportunities.
In our zeal to support India in meeting its Net Zero targets, we are working on reducing our carbon footprint and our impact on the environment. With a strong focus on sustainable value creation for all our stakeholders, we are targeting 20 GW generation and 40 GWh / 5 GW of energy storage before FY 2030.
As India moves forward on its comprehensive energy security strategy, we at JSW Energy are supporting India with a strong focus on transitioning to renewable energy sources and helping the nation achieve its Net Zero objectives.
We are working on our strategy of becoming a 20 GW generation and 40 GWh / 5 GW energy storage company before 2030. Consistent with our growth plans, we are ensuring that we have the capability built-in to execute large projects ensuring sustainable growth, and are acquiring topographically productive land banks for future projects.
We also remain committed to reaching net zero emissions by 2050. We on-boarded new opportunities in our business, which is leading us towards emerging as India’s leading power producer, as we balance our growth aspirations and risk management.
Making continuous investment in assets to generate low-cost power to reduce offtake and receivable risks; Executing long-term PPAs with visibility on stable long-term cash flows and revenues
Leveraging strong project execution and operational expertise to generate healthy free cash flows
Pursue value-accretive growth by utilising robust cash flows to achieve the 20 GW target before 2030 while maintaining the sustainable normalised net debt / EBITDA within the guided range of 3.5x-4.0x
Allocating capital prudently with stringent due diligence practices are ensured; business case is stress-tested to ensure proposed projects are economically viable
India has made impressive strides, and is a frontrunner in the renewable energy sector, having committed to growing the renewable energy sector and achieving Net Zero emissions by 2070, reflecting its commitment to combating climate change.
The nation is on track to achieve robust growth in renewable power, fulfil its environmental obligations and address its energy security. With central government policies and initiatives, technological advancements and significant foreign investments, India has witnessed remarkable growth in the renewable energy capacity.
As the environment for renewable energy appears more conducive now, and with strong opportunity to accelerate growth, JSW Energy is well positioned to move ahead in the renewable energy space.
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 performance and prioritise safety in all our operations.
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.
