JSW Energy has continued to see rising contributions from long-term power purchase agreements (PPAs), ensuring longer-term growth visibility. Long-term (LT) net generation increased 3% in both Q4 and FY21. Being a lean season for hydropower generation, overall power generation declined 7.6%. The Ratnagiri LT PPA tie-up is now at 96%, said the company. “We highlight JSW Energy has increased its capacity under LT PPA to 86% (81% in March 2020), contributing to 95% to Ebitda," said analysts at Kotak Institutional Equities.

Source: Mint June 30, 2021 16:30 UTC