JSW Energy, part of Sajjan Jindal-led JSW Group, today said it will start commercial operation at the first unit of 135 mega watt at the Rajastan power project.
JSW Energy has already synchronised the first unit of the Rs 5,000 crore project with national grid.
JSW Group is implementing the 8X135 Mw Lignite based power project in Barmer district of Rajasthan, through its wholly owned subsidiary namely Raj WestPower Limited. The project is based on lignite to be mined from the Jalipa and Kapurdi mines.
The company expects to commence the operations of the entire project by October 2010. The total investment is Rs 5,000 crores for the power project and approximately Rs 702 crore for the lignite mining. The entire power will be sold to Rajasthan State Electricity Distribution companies.
To part finance various projects including the power plant and lignite mining projects at Barmer, JSW Energy is palnning an initial public offering of equity shares of Rs 3,000 crores and has filed its Draft Red Herring Prospectus with Sebi.
