JSW Energy arm plans to raise $750 million via green bonds

JSW Energy | Representative Image

JSW Energy on Friday said its board has approved a proposal for issuance of green bonds by its arm for raising $750 million (around Rs 5,443 crore) from international markets. The board approved issuance of green bonds by JSW Hydro Energy Ltd (JSWHEL), the company said in a BSE filing.

Funds up to $750 million will be raised through issuance of non-convertible, senior, secured, fixed rate green bonds in the international markets, subject to market conditions and receipt of necessary approvals by JSWHEL, it added.

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The JSW Energy board also approved the appointment of Munesh Khanna as an additional and Independent Director of the company with effect from March 26, 2021 for a term of 5 years, subject to the approval of the members of the company.

JSWHEL is a 100 per cent subsidiary of the company and owns and operates the Karcham-Wangtoo (1000 MW) and Baspa II (300 MW) hydro-electric power plants in Himachal Pradesh.