Sajjan Jindal-led JSW Energy, that is reviving an old hydropower project plan and is scouting for acquisitions, has warned that the sector needs immediate attention as problems have crippled new projects.
The company is hoping to revive a 240-MW project it had planned in the Chamba district of Himachal Pradesh in 2007, which had to be put on the backburner as there were no buyers for electricity then. It now aims to build it with an investment of ?2,500 crore, with the hope sign a power purchase agreement soon.
“We have put our bid to supply 240 MW in the tender floated by the Haryana government, and are awaiting the results, after which we will start work on the Kutehr project,” he said. Read More
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