JSW Energy Ltd (JSWEL) has filed its draft red herring prospectus with the Securities and Exchange Board of India to enter the capital market with an IPO of equity shares worth a total Rs 3,000 crore.

JSWEL requires close to Rs 14,000 crore to fund its six ongoing power projects, which have a debt requirement of close to Rs 10,000 crore.

Currently, JSWEL is setting up a 1,200 MW power plant at Jaigad in Maharashtra, which is in the final stages of construction. The company is also executing a 600 MW thermal power plant at Torangallu near Bellary in Karnataka.

Its planned projects include a 1,000 MW power plant at Junagarh in Gujarat and another, 1,000 MW lignite based power plant at Barmer in Rajasthan, besides projects in West Bengal, Jharkhand and Andhra Pradesh.

JSWEL also has a JV with the Maharashtra State Electricity Transmission Company to set up a 400 kV transmission system to evacuate power from JSW's power plant coming up at Jaigad. Moreover, the company is building a power equipment manufacturing unit in Chennai, in a JV with the Japan's Toshiba.

Also See:

JSW Energy takes up two mega thermal power projects (11-May-09)