JSW Energy to commission 300 MW power plant at Jaigarh in Jan

JAIGARH(MAHARASHTRA): JSW Energy plans to commission the first phase of its 300 MW power plant at Jaigarh in Maharashtra by January, a top company official said.

The Sajjan Jindal-led company is currently developing a 1,200 MW coal-fired plant at Jaigarh, which it expects to fully commission by September 2010.

"300 MW of the plant will be commissioned in January followed by another 300 MW in April," JSW Group Vice-Chairman and Managing Director, Sajjan Jindal, told reporters here on Saturday.

The company will commission 300 MW every quarter till September 2010 as per schedule, he added.

The company aims to install 11,000 MW of capacity in the next five-years at an estimated investment of Rs 55,000- crore in different states, Jindal had said last week.

JSW Energy is also setting up a 3,200-MW super critical thermal power plant entailing an investment of Rs 15,000-crore at Ratnagiri in Maharashtra.

The company plans to raise around Rs 3,000-crore through an initial public offering (IPO) in the next two-months and has already filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI.