JSW Energy, the power generation arm of the $13 billion Sajjan Jindal group, is scouting for stressed power plants to boost its thermal generation capacity. But the company will only consider pithead plants for acquisition, that is plants located near coal mines with assured coal supplies, a senior company executive said in an interview.
“We’re focusing on growth in our power portfolio,” Prashant Jain, joint managing director and chief executive, JSW Energy, said. “I see renewable and hydroelectric power as the future, and here we will grow organically. In thermal, we will grow inorganically, because there’s excess capacity in the sector that is stressed. We’re looking at assets that are based on domestic coal supplies and out pithead plants, where there is minimum transportation cost.”
While Jain didn’t name the stressed plants the company is evaluating, The Economic Times reported that JSW Energy is among those bidding for Ind Bharath Energy Utkal Read More