JSW Energy Ltd. (JSWEL) is a group company of Jindal South West (JSW) group headed by Mr.Sajjan Jindal. Other companies in JSW are JSW Steel Limited , Jindal South West Mining Limited , JSW Port , Jindal Praxair Oxygen Company Limited (JPOCL), and investment companies.

JSWEL is the first Independent Power Producer (IPP) to be set up in the state of Karnataka. The company has set up 2 units of 130 MW each and both units are generating power using Corex gas and coal.


The company, with current generation capacity of 995 mw, JSWEL was formed in the year 1994 as a joint venture between Jindal Group and Tractebel S.A of Belgium. The name was Jindal Tractebel Power Company Ltd. Tractebel S.A has sold their shares in the Company to ICICI , IDBI and Jindal group companies in December 2001. Consequent to this, 100% of the company's shares are owned by Jindal Group of Companies including its investment companies. Consequent to the exit of Tractebel from the joint venture, the name of the company has been changed to Jindal Thermal Power Company Limited. Further, to draw synergy from the JSW Group and to have the group identity the company has been renamed as JSW Energy Ltd. (JSWEL).

JSWEL commenced its commercial operation on 18th January 2000 and has achieved Plant Load Factor (PLF) of more than 95% consistently. The company follows strict environmental standards and its Environmental Management system (EMS) has been certified as ISO 14001 compliant by BVQI. JSWEL is also ISO 9001-2000 and ISO 18001 certified company. JSW Energy has planned to import 13 million tonnes of coal for its upcoming power plants at Ratnagiri and Vijaynagar. JSW Group plans to add 3,140 megawatt coal-fuelled power projects by 2013, and has a total debt of Rs 7,670 crore. A part of the proceeds, amounting to Rs 475 crore, will go for debt repayments. At least 60% of the issue will be allocated to qualified institutional buyers.