JSW Group Chairman Sajjan Jindal announced a massive investment of Rs 16,000 crore (approximately $2.1 billion) to develop a 1,600 MW power project at Salboni, West Bengal. The project, which includes a 1,600 MW greenfield thermal power plant, will be developed in collaboration with West Bengal State Electricity Distribution Company Ltd (WBSEDCL). The company aims to double its capacity in the future with an additional investment of similar scale.
The project will be developed on a land bank currently being used by JSW’s cement grinding facility, which is one of its existing assets in the region. JSW Energy, a subsidiary of the JSW Group, has secured the order to develop the project through a competitive bidding process.
This significant investment will not only boost JSW’s power generation capacity but also create new employment opportunities in the region. The company’s total locked-in generation capacity has already reached 30 GW, with thermal power contributing 9 GW. The company is committed to achieving its 20 GW generation capacity target well before 2030.
The investment is a significant milestone for the JSW Group, which is one of India’s leading private sector power producers, with a global footprint spanning 12 countries. The project demonstrates the group’s commitment to expanding its presence in the power sector and meeting the increasing demand for electricity in the region. The development of the project is expected to have a positive impact on the local economy, creating new job opportunities and stimulating economic growth.