(ET)
The Sajjan Jindal-led JSW Energy is on track to becoming a 10,000 MW company in the next three to five years and aims to double it to 20,000 MW by the end of the next decade, chief executive officer Prashant Jain.JSW, with current capacity of 4,559 MW, is scouting for acquisitions in both thermal and renewable energy to achieve this goal. many stressed assets in the beleaguered power sector are up for sale at low valuation, Mr Jain said.
“We are looking at a capacity of 10 gigawatt (gw) over the next 3-5 years. We have a one time opportunity in the thermal power sector where stressed assets are on the block, which include some good assets. We are looking at some low cost assets, coal pit-head plants where the power cost is in the bottom quartile for a particular power distribution company,” Jain said.
