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JSW Energy Abandons Power Expansion Goal to Focus on Profits

Power producer JSW Energy Ltd. is scrapping its plans to more than double capacity amid falling tariffs and a glut of electricity in India. JSW Energy won’t pursue plans to increase its power generation capacity to 10 gigawatts by 2020 and focus on boosting profits instead, Chief Executive Officer Prashant Jain said, adding that there is enough idle capacity in the country to meet any increase in demand over the next three to five years. “I don’t think capacity growth is very important at a time the macro environment for the industry is challenging,” Jain said in an interview at his office in central Mumbai on July 25. “My preferences are to improve profitability and ret.....

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