(http://www.indiainfoline.com/news/innernews.asp?storyId=75731&lmn=1)
India Infoline News Service / Mumbai Aug 08, 2008 11:17
JSW is setting up a 1,200 MW project at Jaigad, in Ratnagiri district, of Maharashtra and the SPV will evacuate power from this plant
JSW Energy is reportedly planning to invest Rs4.75bn on setting up a 400-kv transmission evacuation system in Maharashtra in a joint venture (JV) with Maharashtra State Electricity Transmission Company (Mahatransco).
According to reports, JSW will have a 74% stake in the proposed JV while the balance 26% will be held by Mahatransco. JSW is setting up a 1,200 MW project at Jaigad, in Ratnagiri district, of Maharashtra and the SPV will evacuate power from this plant, reports add.
S.S. Rao joint MD & CEO of JSW Energy said that the debt equity ratio for the Maharashtra project is 70:30 and the debt portion has already been tied up. The SPV has applied for becoming a transmission license in the state.
According to reports, Sajjan Jindal, Vice Chairman & MD of JSW Steel says that JSW Energy is talking to Karnataka government for a similar project.
India Infoline News Service / Mumbai Aug 08, 2008 11:17
JSW is setting up a 1,200 MW project at Jaigad, in Ratnagiri district, of Maharashtra and the SPV will evacuate power from this plant
JSW Energy is reportedly planning to invest Rs4.75bn on setting up a 400-kv transmission evacuation system in Maharashtra in a joint venture (JV) with Maharashtra State Electricity Transmission Company (Mahatransco).
According to reports, JSW will have a 74% stake in the proposed JV while the balance 26% will be held by Mahatransco. JSW is setting up a 1,200 MW project at Jaigad, in Ratnagiri district, of Maharashtra and the SPV will evacuate power from this plant, reports add.
S.S. Rao joint MD & CEO of JSW Energy said that the debt equity ratio for the Maharashtra project is 70:30 and the debt portion has already been tied up. The SPV has applied for becoming a transmission license in the state.
According to reports, Sajjan Jindal, Vice Chairman & MD of JSW Steel says that JSW Energy is talking to Karnataka government for a similar project.
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