It seems that JSW Energy has put on hold its expansion project excluding the hydropower project due to the current regulatory issues being faced by the infrastructure projects in India such as power projects.
As per the company's announcement during the 19th Annual General Meeting of the company,
"Pending clarity on policy and regulatory issues, your company decided to consolidate our operations and has put most of its expansion projects, with the exception of the Kutehr hydro project, on hold.
Your company's focus remains on strengthening the balance sheet and keeping ourselves ready for growth opportunities. Further, as the regulatory scenario eases and an opportunity to participate in competitive bids opens up, we plan to grow organically while reducing our exposure to merchant capacities.
We believe as the sector matures and consolidates, there will be inorganic growth opportunities for evaluation with a strategic fit to your company,"
The Mumbai based, JSW Energy, has increased its operational capacity to 3,1450 MW in the March quarter after it started generation at four uits of its lignite based power plants at Barmer in Rajasthan.
However, currently JSW Energy seems to has no plans to review new projects which are put on hold due to recent policy hurdles. The only project it plans to go ahead with is the 240 mw-hydro power project in Kutehr, Himachal Pradesh.
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