JSWENERGY

JSWEL or JSW Energy was incorporated as Jindal Tractebel Power Company Limited under the Companies Act, 1956 as on 10 March 1994, in Mumbai. The Company name was changed to Jindal Thermal Power Company on 17 January 2002. Consequently, the company name was also changed to JSW Energy Limited on 7 December 2005.

It is a group company of the Jindal South West or JSW group led by Sajjan Jindal. Other companies in JSW are JSW Steel Limited, JSW Port, Jindal South West Mining Limited, Jindal Praxair Oxygen Company Limited or JPOCL, and investment companies.

The Company is the first Independent Power Producer or IPP to be set up in Karnataka. The company has set up 2 units each of 130 MW, and both the units produce power using Corex gas and coal. It also supplies power to JSW Steel Ltd. and the Power Trading Corporation. The Company commenced its commercial operation on 18 January 2000, and also achieved Plant Load Factor (PLF) of approximately more than 95% continuously.

The company is also an established energy company with 860 megawatts of operational generating capacity and 2,790 MW of making capacity during the construction or implementation phase, 135 MW of, which has been commissioned. Besides, it has several power generation projects at an early stage of underdevelopment along with a proposed combined installed capacity of about 7,740 MW. It is believed that it is one of the first entrants in the business of power trading. Currently, maximum revenue is derived from the power generation. The Company's goal and strategy are to become a full-service leading integrated power company in the Indian power sector, along with its presence across the value chain. And to be the part of such a strategy and manage sustainable growth and minimize the potential constraints on such increment. The Company has also entered into various joint ventures for the development of transmission lines for its power generation projects, coal and lignite mining to obtain captive fuel supply for sure of its power generation projects and the production of steam turbines and generators for the power plants. Currently, it is exploring opportunities in coal mine acquisitions, power distribution business, and generation via non–conventional energy sources.

In 2010, the company announced the Commencement of Generation of Power of Unit II and in 2011, the Commencement of Generation of Power of Unit III.

The company sells power via a combination of long–term and short–term power purchase arrangements and also via the power exchanges in India to state-owned utilities, power trading companies, and some industrial consumers. The Company sells power on a short–term basis via its power trading company, JSWPTC, under a MoU with JSWPTC.