Jindal Power Limited has acquired the Jhajjar thermal power plant, a 1,320 MW coal-based power plant located in Jhajjar, Haryana, India. This acquisition is a strategic move by Jindal Power to strengthen its base-load capacity and consolidate its position in the Indian power sector.
The Jhajjar thermal power plant is a state-of-the-art facility that uses supercritical technology, which is more efficient and environmentally friendly compared to traditional subcritical technology. The plant has a total installed capacity of 1,320 MW, consisting of two units of 660 MW each. The plant is fueled by coal, which is sourced from domestic mines, and has a long-term power purchase agreement (PPA) with the Haryana Power Purchase Center.
The acquisition of the Jhajjar thermal power plant is expected to enhance Jindal Power’s base-load capacity, which refers to the minimum amount of power that is required to meet the continuous demand of a grid. Base-load capacity is critical for ensuring grid stability and reliability, and Jindal Power’s acquisition of the Jhajjar plant will help to strengthen its position in this segment.
Jindal Power is a subsidiary of Jindal Steel and Power Limited (JSPL), a leading Indian conglomerate with interests in steel, power, and mining. The company has a diversified portfolio of power plants, including thermal, hydro, and renewable energy plants, with a total installed capacity of over 5,000 MW. The acquisition of the Jhajjar thermal power plant will help Jindal Power to further diversify its portfolio and reduce its dependence on any one particular segment.
The Indian power sector is experiencing significant growth, driven by increasing demand for electricity and government initiatives to promote renewable energy and improve grid infrastructure. The acquisition of the Jhajjar thermal power plant by Jindal Power is a strategic move to capitalize on this growth and strengthen its position in the sector.
Overall, the acquisition of the Jhajjar thermal power plant by Jindal Power is a significant development in the Indian power sector, and is expected to have a positive impact on the company’s base-load capacity and overall growth prospects. The deal demonstrates Jindal Power’s commitment to expanding its presence in the power sector and consolidating its position as a leading player in the industry.