JSW Energy, after putting on hold all new power projects due to policy and regulatory uncertainties, seems to be quite serious about increasing the portfolio by the way of acquisition of distressed power projects.
As announced by the company some days ago, JSW Energy has put on hold all the new power projects.
However, according the company, the current issues being faced by the power sector there are several distressed assets are available for sale and it seems that the company is highly interested in buying them due to low valuation to increase the power projects portfolio.
According to industry experts, this strategy would help the company in building the capacity at a cost lower than that of setting up news projects as developers may offer projects at a discount.
The company has seen a few proposals from Independent Power Producers (IPPs) and is keen acquiring the projects having fuel linkage and power purchase agreement in place to reduce the project related risks.
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