JSW Energy (NSE:JSWENERGY, BSE:533148) said its subsidiary JSW Energy (Utkal) has entered into a 25-year power purchase agreement (PPA) with multiple Karnataka Distribution Companies (DISCOMs) for supplying 400 megawatts from April 1, 2026, according to an Indian bourse filing on Friday.

The tariff is set at 5.78 rupees per kWh. The company said the agreement lowers its open capacity to about 5% of current operational capacity, from roughly 8%.

JSW Energy's locked-in generation portfolio now totals 30.5 GW, including 13.3 GW operational, 12.4 GW under construction, 150 MW under acquisition and a 4.6-GW development pipeline. Locked-in storage capacity stands at 29.4 GWh across pumped-storage and battery assets, the filing said.

The company also reiterated its targets of 30 GW of generation and 40 GWh of storage capacity by fiscal 2030.