As uncertainties loom over the solar power sector, mainly on the policy front, the Sajjan Jindal-led JSW Energy has put its ambitious expansions plans in the segment on the backburner.
The company in May had announced plans to set up a 1,000-MW solar photovoltaic (PV) panel manufacturing facility at Vijayanagar in Karnataka and to install 200 MW of solar power systems in the current fiscal. However, it has so far commissioned just about 12 MW of solar capacity.
“We have commissioned 12 MW capacity. Apart from that, we still feel the uncertainties continue to be present and doubt that any project that is developed on government support and subsidies will be sustainable,” said Sharad Mahendra, chief operating officer, JSW Energy. Read more
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