MUMBAI: Sajjan Jindal-led JSW Energy plans to raise around USD 750 million from international bond sale to fund expansion plans as well as to repay some of its existing debt of over Rs 10,050 crore.
The company has also set a target of achieving 10,000 mw of installed capacity by 2020, a quarter of which will be contributed by renewable energy sources.
JSW Energy has sought shareholders’ approval for the fund raising plan and said the proposed USD 750 million of long-term debt will be raised by selling non-convertible foreign currency denominated bonds or masala bonds, the company said in the annual report.
