Moneycontrol
Last Updated : Jul 17, 2017 11:53 AM IST | Source: CNBC-TV18

See a lot of acquisition opportunities in thermal space: JSW Energy

There has been a change of guard at JSW Energy. Prashant Jain has taken over as the Joint MD and CEO from Sanjay Sagar last month. 28,000-30,000 megawatt (MW) of the capacity is stranded and sitting idle at this point in time and these are high cost power plants which are right now sitting with huge debt, he said.

There has been a change of guard at JSW Energy. Prashant Jain has taken over as the Joint MD and CEO from Sanjay Sagar last month.

28,000-30,000 megawatt (MW) of the capacity is stranded and sitting idle at this point in time and these are high cost power plants which are right now sitting with huge debt, he said.

Expect consolidation in power sector and in order to do that, there will be a lot of haircuts which needs to be taken by the banks, he added.

“We are keenly watching what is going to happen in these 12 cases which have gone to National Company Law Tribunal (NCLT),” he said.

The company continues to remain interested in all the assets of Monnet Power, said Jain.

See a lot of opportunities in thermal space, think renewable and thermal can coexist, he added.

For full discussion, watch video...
First Published on Jul 17, 2017 11:28 am
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant