JSW Energy to convert thermal plants into legal entities for sale

02 Aug 2021 CW Team

JSW Energy plans to make its thermal power plants into a separate legal entity for selling them in the long haul.

Currently, the firm has 4,559 MW of production capacity. Out of which 3,158 MW is thermal power, 10 MW is solar power, and 1,391 MW is hydropower. JSW Energy previously decided to develop capacity only by green power.

Prashant Jain, Joint Managing Director, JSW Energy, told the media that the firm decided to choose legal and financial advisors to restructure grey and green energy business into individual entities to improve stakeholder's value proposition.

He said that the future of the energy business is within green power, and JSW is prepared to get into it.

Binding financial sources to fossil fuel-fired plants is growing difficult and has turned into a pricey affair because lenders turn Environment, Social and Governance (ESG) score-conscious.

Jain informed that JSW Energy has succeeded in bringing down the interest rate from 8.67% to 8% through pre-paying rupee debt.

JSW Hydro Energy, the firm's wholly-owned subsidiary, raised Rs 5,187 crore by green bonds priced at 4.12% to eliminate high-cost debt.

Recently, JSW Future Energy, another wholly-owned subsidiary of JSW Energy, collaborated with Australian Fortescue Future Industries Pty to divide hydrogen and oxygen from water and utilise them for industrial purposes.

Soon, the ESG score of every business would become necessary, such as the profit they produce as lenders, including banks, that lend to corporates would be ranked based on the ESG score of its borrowers.

Sajjan Jindal, Chairman, JSW Group, also informed the media that the firm would transform its generation portfolio to 70% renewable by FY2025.

Image Source

Also read: JSW Energy plans to add 2,600 MW RE capacity by 2023

Also read: JSW Hydro Energy raises $707 mn via dollar green bonds

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..