Renewable is the future, but thermal will co-exist for some time: JSW Energy CEO
Prashant Jain, Joint MD & CEO, JSW Energy, part of the $13-billion Sajjan Jindal-led JSW Group, has seen an interesting couple of years. It diversified into EV, put a team together, lined up investments and then decided to pull the plug.
On the power front, the sector has been under stress, but the Supreme Court ruling on stressed assets offered some relief. Jain spoke to BusinessLine on a range of topics, including priorities for the new government, reasons for the group’s exit from the EV business, efficiency measures it is taking to reduce the debt and the road ahead in the backdrop of all this. Excerpts.
Post the Supreme Court’s decision to quash the RBI circular concerning resolution of stressed assets, is there a better visibility across all stakeholders in the power sector?
