JSW Energy arm plans to raise $750 million via green bonds

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Funds up to $750 million will be raised through issuance of non-convertible, senior, secured, fixed rate green bonds in the international markets, subject to market conditions and receipt of necessary approvals by JSWHEL.

NEW DELHI: JSW Energy on Friday said its board has approved a proposal for issuance of green bonds by its arm for raising $750 million (around Rs 5,443 crore) from international markets.

The board approved issuance of green bonds by JSW Hydro Energy Ltd (JSWHEL), the company said in a BSE filing.

Funds up to $750 million will be raised through issuance of non-convertible, senior, secured, fixed rate green bonds in the international markets, subject to market conditions and receipt of necessary approvals by JSWHEL, it added.

The JSW Energy board also approved the appointment of Munesh Khanna as an additional and Independent Director of the company with effect from March 26, 2021 for a term of 5 years, subject to the approval of the members of the company.

JSWHEL is a 100 per cent subsidiary of the company and owns and operates the Karcham-Wangtoo (1000 MW) and Baspa II (300 MW) hydro-electric power plants in Himachal Pradesh.