Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

IMFA Signs New 70 MW Hybrid Renewable Energy Deal with JSW

Indian Metals and Ferro Alloys Limited (IMFA) has revised its renewable power procurement strategy by cancelling earlier agreements with JSW Green Energy One and Seven Limited. Instead, the company has entered into fresh agreements with JSW Renew Energy Twelve Limited to source 70 MW of hybrid renewable power. The change was driven by a location shift in power sourcing.

Under the new deal, IMFA will procure 70 MW of contracted demand, supplied by 55 MWac solar and 108 MW wind capacity. The company will also hold a 26% equity stake in the project company. The project is scheduled to start operations between June and October 2026, and the agreements will remain valid for 25 years from the date of commissioning. The revised investment cost stands at Rs0.85 billion, slightly higher than the previous Rs0.83 billion.

Additionally, this move follows IMFA’s earlier agreement in May 2025 with AMPIN Energy Utility One Pvt Ltd for a 25-year PPA to procure 40 MW of hybrid renewable power. With these initiatives, IMFA is strengthening its commitment to long-term renewable energy sourcing, supporting both sustainability goals and reliable energy supply for its operations.