JSW Energy expects assets under insolvency and bankruptcy code (IBC) to get resolved in the next 12 months.
In an interview with CNBC-TV18, Prashant Jain, joint managing director and CEO of JSW Energy, said that there will be more consolidation in power space going ahead.
“We saw lower power demand in the last couple of years but now I think that it is coming back and no new capacity addition is taking place. So because of that, the demand and supply mismatch is contracting. So you will see a lot of consolidation in the sector and we are very upbeat about the power sector from the next three-four years perspective,” said Jain.