Mumbai, Sept. 1
JSW Energy, part of the JSW Group, has commissioned commercial operation of the first unit of 300 MW of the 1,200-MW (4x300 MW) thermal power project at Jaigad, Ratnagiri district of Maharashtra on Wednesday. The plant achieved a plant load factor of 100 per cent.
The power generated from the plant will be sold to the Maharashtra State Electricity Distribution Company according to the terms of the memorandum of understanding signed in 2005.
JSW Energy envisages all the four units to be operational by the end this fiscal.
Mr Lalit Gupta, CEO, JSW Energy, said the power plant will enable the State to bridge at least some part of the demand-supply gap.
The company is putting in place four flue-gas desulphurisation (FGD) units at the cost of Rs 600 crore to comply with the Ministry of Environment directive.
The first FGD unit will be in place in 23 months and the last in 32 months, the company said.
With the latest addition, JSW Energy now has 1,295 MW of operational capacity and 2,145 MW is under construction.
The company is an early entrant in the power trading business and is planning a presence in power transmission, distribution, generation through non-conventional sources and tie-ups with well-known equipment manufacturers and suppliers in a bid to become a full-service integrated energy company.
The company's shares on BSE were up two per cent at Rs 129 on Wednesday.Related Stories:
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