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Another bid for thermal power
By King’s Office Correspondent - SWAZI OBSERVER-31-Oct-2015
NEW DHELI – A second Indian company has made serious intent to set a thermal power plant in Swaziland.
They also wish to prospect for more iron ore elsewhere other than Ngwenya which they could use to produce steel products.
The company has already been granted a prospecting licence for coal at Lubhuku.
In fact, it was not the first time the company made its intentions known as several government officials have been to the company plant in India but has only recently been given the green light to prospect for coal.
JSW Energy Limited, which is a subsidiary of the JSW group of companies, presented their proposal to His Majesty the King and a team of four cabinet ministers and the king’s Office Chief Officer Dr Vincent Mhlanga yesterday.
Earlier this week, the king met officials of Bharat Heavy Electrical (BHEL), who offered to provide solutions to the power challenges facing the country and the region.
JSW group is said to be a $11 billion conglomerate that is part of the O.P. Jindal Group has strong footprints across various sectors namely, steel, energy, minerals, port & infrastructure & cement in multiple locations across India, US, South America and Africa with a workforce of over 38 000.
Leading the management team of JSW Energy Limited, was the Joint Managing Director and Chief Executive Officer Sanjay Sagar who was accompanied by the Vice President, HR Vijay Sinha, General Manager in the office of the JMD and CEO Anoop Vaish and senior Manager in the office of the joint managing director and chief executive officer.
Cabinet Ministers present were (Natural Resources and Energy) Senator Jabulile Mashwama, Foreign Affairs and International Cooperation, Chief Mgwagwa Gamedze, Economic Development and Planning’s Prince Hlangusempi, Agriculture’s Moses Vilakati and King’s Office Chief Officer Dr Vincent Mhlanga.
The meeting concluded with a meeting of the ministers, officials and management of the company to draft a Memorandum of Understanding (MOU) to facilitate the exploration of the company’s interests in Swaziland.
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