Public RelationsJSW Energy to invest over Rs 50k cr in 5 yrs
JSW Energy, part of the $8-billion JSW Group, today said the company plans to scale up its capacity to 11,390 Mw which entails an investment of over Rs 50,000 crore.
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The company now has a capacity of 995 Mw and aims to scale it up to 3,140 Mw by 2011. By 2015, the total capacity would be 11,390 Mw, JSW Energy Chief Executive Officer and Joint Managing Director S S Rao told reporters here.
Every 1 Mw capacity addition needs an investment of Rs 5 crore, which means JSW Energy would invest over Rs 50,000 crore in the next five years, Rao said.
He said the company has recently commissioned its 600 Mw expansion of Vijayanagar Power Project and synchronized the first unit of the 135 Mw of 1,080 Mw power project at Barmer in Rajasthan.
On the group"s 1,600 Mw West Bengal project, he said, JSW Energy has already started the land acquisition process.
"The company plans to build the 2x800 Mw thermal power project in West Bengal to meet all the power needs of its 10-million tonnes per annum steel plant," he said.
The Rs 35,000 crore steel project is being constructed as per the MoU with the state government. The company will also develop an associated captive power unit for the steel plant.