JSW Energy considers shelving plans to acquire the 500 MW Bina TPP

JSW Energy Limited may shelve its plans to acquire the 500 MW Bina TPP from Jaiprakash Power Ventures Limited (JPVL). The planned acquisition has been stalled as the lenders did not approve the deal due to the ongoing debt restructuring of JPVL. The deadline for the deal has been extended until December 31, 2017 from May 31, 2017 with bleak chances of closure. JSW Energy has also put its joint venture with Toshiba for power equipment manufacturing on hold since it is revising its strategies to deal with challenges in the sector.

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