We ushered in the New Year with successfully listing of JSW Energy  shares on the Indian stock exchanges. The Company  recorded a once-in-a life time milestone with an IPO which was truly a momentous occasion for JSW Group

It is said that in the journey of life, where you are heading to is more important than where you are. And the JSW Group, which is one of the fastest growing business conglomerates with a strong presence in the core economic sector, is poised on the threshold of a mega growth curve.

JSW Group has diversified interests in core sectors such as Steel, Energy, Minerals and Mining, Aluminum, Infrastructure and Logistic, Cement and Information Technology. All these sectors position the JSW Group as a catalyst for growth for the Indian economy.

JSW Steel has climbed from strength to strength and is targeting exponential growth through a series of strategic initiatives including ambitious expansion and global collaborative tie-ups. It is amongst the top 3 players in the country and the company is benchmarked with the best in the world. We have the same vision even for our power sector venture.

Power has always been a strong focal point of our business strategy. We have always believed that power fuels the socio-economic growth of India as it marches towards becoming a global superpower. Providing adequate and affordable power is essential to empower Indian industry and people.

India's peak demand is expected to grow at a CAGR of 7.6% from FY 2007 to FY 2017 and would require a generating capacity of 300,000 MW by 2017 to cater to the growing demand. Although the per capita power consumption of power in India has also grown, it's very low as compared to the world average.

The Government has recognized the power sector as a key infrastructure sector to be developed to sustain the Indian economic growth and has taken several steps to reform the power sector and attract private participation and enhance efficiency in the system. Given significant supply deficits, high growth potential and conducive government policy, a large opportunity exists for private players to enter the electric power segment.

JSW Energy is an established energy company incorporated in 1994 with the objective to develop, construct and operate power plants. We have been in the business of power generation since 2000. In less than a decade of its operations the company has crossed several milestones working on power solutions in the States of Karnataka, Maharashtra, Rajasthan and Himachal Pradesh.

Today, JSW Energy has 995 MW of power plants generating power and this is expected to go up to 3,140 MW by April 2011 and 11,390 MW by September 2015. Our goal is to become a leading full-service integrated power company in the Indian power sector with a presence across the value chain and to capitalize on the opportunities provided by the power sector in India.

One of the early entrants into the power trading business, we have been engaged in power trading since June 2006 and the CERC has granted us “F” category, the highest licence category available to trade power in India.

JSW Energy has a strong track record of operating our projects in an efficient manner. It has a pipeline of additional power projects under implementation and development. Our project management expertise allows us to fast-track several power projects at the same time and quickly enough to ensure that revenues accrue from these projects on an accelerated basis. We have achieved long-term fuel linkages for all our projects under operation, construction and implementation. Our power off take arrangements reflect a careful balance between risk, cash flows and revenue through a mix of long term and short term power purchase arrangements.

JSW Energy intends to achieve end-to-end integration and fuel security. We shall continue a structured approach to expand and diversify our portfolio of power generation assets. We also intend to develop most of our power projects under development using super critical technology in order to take advantage of lower fuel costs using this technology.

We will also consider building generation assets based on all forms of energy sources including non-conventional and renewable energy resources including solar, wind and nuclear power.

On its road to growth and expansion, the Group is also conscious about its responsibility towards environment and social development. Eco-efficiency is a matter of principle. Preventive measures for damage to the environment are taken into account at the planning stage of production and growth.

The initiatives at JSW Energy will put us on a road to become a major power producer in the country.

With best wishes,

SAJJAN JINDAL