JSW Energy unveils investment plan in India's power sector
15-04-09 Sajjan Jindal-led JSW Energy will invest Rs 5,000 crore in commissioning power projects worth 1,200 MW capacity during the current financial year (2009-10).
"We will invest Rs 5,000 crore and would commission power capacity worth 1,200 MW in the current fiscal," JSW Energy Managing Director Sajjan Jindal told.
The company would commission a 600 MW power project in Karnataka, a 300 MW unit of the Barmer project in Rajasthan and 300 MW unit of the Ratnagiri power project in Maharashtra.
JSW Energy plans to enter all areas of power -- generation, transmission, distribution and trading. Some of these projects are part of the company's greenfield expansion plans.
It is executing a 1,200 MW power project at Jaigarh in Ratnagiri district of Maharashtra. The company plans making it a port-based power plant by setting up a port facility and making a full-fledged business centre in the coming years.
The company's Barmer project would generate 1,080 MW of power, which will be supplied to thedistribution companies in Rajasthan.
Source: http://economictimes.indiatimes.com
