Rating agency, CARE has reaffirmed AA- rating to Rs 3,248.02 crore long term bank facilities of JSW Energy. The rating agency has also reaffirmed A1+ rating to Rs 5,050.00 crore short term bank facilities of the company.
The company has received the said rating reaffirmation on the back of strong promoter group having considerable experience in setting up and operating thermal power plants, successful implementation of projects and stabilization of operations at its Vijaynagar and Ratnagiri plants.
JSW Energy is the holding company for the JSW group’s power business having operational capacity of 2,600 Mega-Watts (MW, consolidated) as of March 31, 2012. Additional 540 MW of generating capacity at Barmer is under implementation (unit 5 to 8) and is expected to commence operations by December 2012.
