JSW Energy finds itself in an accidental 'lender' role

Company has extended loans to two acquisition targets where deals are now in a slow lane

As the clock is ticking, 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 might be left in the uncomfortable role of a lender of two stressed assets.

JSW Energy's accidental journey from a potential buyer to lender started more than a year back in 2016. The year saw the power producer agree to acquire 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