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JSW Energy signs MoU with Swaziland Electricity Company

Capital Market 

To set up thermal power plant and undertake mining activities in The Kingdom of Swaziland

JSW Energy has signed a binding MoU with Swaziland Electricity Company and the Government of the Kingdom of Swaziland to set up a thermal power plant and related activities in the Kingdom of Swaziland.

The MoU provides for setting up a thermal power plant and undertaking of mining activities pursuant to execution of definitive agreements - a long term Power Purchase Agreement to be guaranteed by the Kingdom of Swaziland and fuel supply agreement from captive coal resources; and facilitation of other consents and approvals including associated infrastructure facilities to support coal mining, power generation, evacuation and allied activities.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 24 2016. 12:50 IST