Monday, July 25, 2011
JSW Energy Ratnagiri expansion postponed - Report
Monday, 25 Jul 2011 | By BS
BS reported that JSW Energy said the plan to expand its Ratnagiri power plant by 3,200 MW would be postponed till issues regarding imported coal were sorted.
However, the plan for 1,200 MW of capacity would be commissioned on schedule. Two units of this project are physically operational, the third has begun commercial operation and the fourth unit will be operational soon.
Mr Sajjan Jindal chairman said they were awaiting clarity on the government stand regarding imported coal based projects before going for more of such capacity.
These projects are facing trouble since Indonesia decided to index its coal exports to global prices and Australia is coming up with a tax on mining. The company is already importing all its coal requirements on a spot basis and is facing the heat.