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Last Updated : Feb 03, 2015 05:39 PM IST | Source: CNBC-TV18

JSW Energy looks to buyout 4k MW of stressed power projects

JSW Energy has board nod to raise funds worth Rs 5000 crore for acquisitions. It also has understanding to acquire two thermal power plants of JP Associates - 500 MW at Bina in Madhya Pradesh and 1,320 MW at Nigrie, MP.


The Sajjan Jindal-led JSW Energy is on a lookout to ramp up its power business as it looks to buyout 4000 MW of stressed power projects and raise Rs 5000 crore to fund acquisitions.

JSW Energy has done due diligence of two thermal power plants in Odisha - Jindal India Thermal Power (1,200 MW power plant in Angul, Orissa) and Monnet Ispat's power plants (1,050 MW power plant in Angul, Orissa).

The two Odisha plants have an enterprise value of over Rs 15000 crore. The valuation for the same will be worked upon post coal block auctions.

JSW Energy has board nod to raise funds worth Rs 5000 crore for acquisitions. It also has understanding to acquire two thermal power plants of JP Associates - 500 MW at Bina in Madhya Pradesh and 1,320 MW at Nigrie, MP.



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First Published on Feb 3, 2015 05:39 pm
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