JSW Energy finds itself in an accidental 'lender' role
As the clock ticks, two of JSW Energy's big acquisition targets in the power sector are moving farther from a possible deal closure. In the scenario of the deal not fructifying, JSW Energy may be left in the uncomfortable role of a lender to two stressed assets. JSW Energy's accidental journey from potential buyer to lender started more than a year back in 2016. The year saw the power producer agree to acquiring two assets in two separate deals- Jaiprakash Power Ventures 's Bina power plant in Madhya Pradesh and Jindal Steel and Power's Tamnar power plant in Chattisgarh. In due course, JSW Energy also extended a loan to both the companies - Rs1000 crore to Jaiprakash Power and Rs500 crore to Jindal Steel and Power as part of two separate deal arrangements. This exposure, however, is now slowly turning into a concern as the deals face closure issues.The concerns are larger over JSW's exposure to Jaiprakash Power, compared to Jindal Steel and Power.An email query sent to JSW Energy on ..18-08-2017