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Toshiba JSW Power Systems
2 posts
JSW Energy completes turbine orders for entire 3.2GW Salboni thermal project
JSW Energy has ordered the final two 800 MW turbine generators for Salboni Phase II, completing procurement for its 3,200 MW West Bengal thermal project backed by two long-term PPAs.
JSW Energy has the capital for its next growth wave, but can profits catch up with expansion?
JSW Energy Limited is combining thermal generation, renewable power, battery storage and pumped hydro investments in one of India’s most aggressive private-sector electricity expansion programmes. The company plans to spend approximately ₹20,000 crore during FY27 while targeting around 3 GW of capacity additions during the year. Its expansion is supported by ₹12,881 crore of cash and cash equivalents, recent equity-linked capital raising and future operating cash flow. However, the central question is shifting from whether JSW Energy can finance growth to whether newly commissioned assets can generate returns quickly enough to offset higher depreciation, finance costs and leverage.