JSW Energy scouts for coal, thermal power assets overseas

The Sajjan Jindal-led JSW Energy is likely to continue with an acquisition spree abroad, as it scouts for coal and thermal power assets, a company official said.

The company, which in the past two years has agreed to buy four power assets in India, is also on the lookout for coal mines abroad to replace some of its current imported requirements.

“Looking at assets outside India certainly interests us; we are not averse to acquisitions outside. We have not come across many exciting opportunities. Africa is an upcoming market, but we have to be very careful of the country risks and political risks,” said Sanjay Sagar, joint managing director and chief executive officer.

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