JSW Energy to Invest in Fresh Capacity of 1,800 MW

JSW Energy targets to become 10 GW (10,000 MW) company over the medium term, with renewed focus on renewables for all incremental growth. The company plans to build renewable capacity of about 1.1 GW to meet JSW Group’s renewable purchase obligations and has received letter of authorisation for 810 MW in the recently concluded Solar Energy Corporation of India’s Wind hybrid bid. It is expecting to tie-up another 225-250 MW of solar capacity soon. Further, it is also constructing a 240 MW greenfield Hydro project at Kutehr (Himachal Pradesh) and has already secured a sanction for the project finance loan from a leading bank. The company currently has capacity to produce 4,559 MW, including 3,158 MW of thermal, 1,391 MW Hydel and 10 MW of solar. The company will be investing about ?9,500-11,000 crore in setting up 1,800 MW of capacity in next two years, said Jain.