JSW Energy Limited entered into a Memorandum of Understanding (MoU) with the Government of Maharashtra for setting up facilities for manufacturing of electric vehicles (EVs) and energy storage systems. In September 2017, JSW Energy had inked MoU with Government of Gujarat for setting up a facility in Surendranagar district for making EVs. The company has committed Rs4, 000cr for the Gujarat plant. Financial commitment for its investment in Maharashtra is yet to be revealed. JSW Energy plans to launch its EV in the next three-four years and is looking at potential OEM partners for it. JSW Energy, an integrated power company, generates and sells power in India. The company operates 4,531 MW of power generation facilities as of FY17. Its Vijayanagar and Ratnagiri plant have capacity of 860 MW and 1,200 MW, respectively and utilize imported thermal coal. JSW Energy generated 12,517mn units in 1HFY18.
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