Speaking to CNBC-TV18, Sanjay Sagar, Joint MD & CEO of JSW Energy, said realisations have gone down and they look subdued.
Quoting sources, Kritika Saxena of CNBC-TV18 reports that this deal may be signed post the completion of the Bina power plant buyout.
Talking to CNBC-TV18 about the business outlook going forward, he said the company is looking at various acquisitions and would be around 6000-7000 MW operational capacity in two years time.
Monnet Ispat and Energy said it has signed non-binding memorandum of understanding (MOU) with JSW Energy for entering into discussion to sell majority and controlling stake of its subsidiary, Monnet Power Company Limited (MCPL).
Sanjay Sagar, joint MD and CEO, JSW Energy, says: "Current format on commercial mining is not attractive for the industry. Private sector should be assured of a level playing field for commercial mining."
Sanjay Sagar, Joint MD and CEO, JSW Energy, said overall demand for power is weak and the company may revisit its earlier guidance of Merchant power realization
JSW Energy, which has an operational power generation capacity of 3,140 MW, said it has received all requisite environmental approvals for the 240 MW project at Kutehr in Himachal Pradesh.
JSW Energy expects merchant power rates to remain strong in south market after the state government restructured tariff structure in various states. The JSW Group firm generates almost a third of its total sales from the merchant market and hence will be largely benefitted with this development.