WCA May 2013

India India

bigstockphoto.com – photographers – Angelika Smile and Pokaz

Energy project gets forest clearance

diversification into hydropower would help the company reduce its exposure to fossil fuel. The “run of the river” project will be established on the river Ravi in the district of Chamba in Himachal Pradesh. According to the agreement with the state of Himachal Pradesh, JSW Energy will supply a proportion of the generated power to the state’s electricity distribution company as a royalty for setting up the project. According to expert estimates, projects totaling almost 42,000MW have been allotted by states, but are yet to begin construction due to delays in environmental approvals, land acquisitions problems and water rights.

JSW Energy has been given forest clearance for a 240MW hydropower project in Himachal Pradesh, allowing the company to begin construction. The project was awarded to the company in 2007, but delayed due to lack of clearance. This will be the first hydropower venture of the Sajjan Jindal-led company, which has an operational capacity of 2,600MW and plans to increase capacity to 11,770MW. Sanjay Sagar, joint managing director and chief executive officer of JSW Energy, confirmed: “We understand that stage 2 forest clearance has been granted to the project. Now we hope to start work...and complete it over the next four years.” JSW Energy depends heavily on imported coal from short-term markets to fuel its projects, so

JSW Energy – India Website: www.jsw.in

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Wire & Cable ASIA – May/June 2013