JSW Energy plans to set up a 3,200MW super-critical thermal power plant with an investment of Rs15,000 crore at Ratnagiri in Maharashtra.

''We are setting up a 4x800 super critical thermal power plant in Ratnagiri at a cost of Rs15,000 crore,'' said JSW Energy managing director Sajjan Jindal.

The company currently produces 800MW of energy, which it now plans to raise to 2,000MW by the end of this financial year, and to 12,000MW in six years.

Jindal said the group is considering raising Rs5,000 crore from the stock market to fund its projects.

The demand for power in the country is likely to be 15,000-16,000MW a year during the next 10 years. The growth in capacity would see coal-fired thermal power stations accounting for over 60 per cent, and 80 per cent of these will be super-critical thermal power plants.

"We plan to become a 12,000MW company by 2015. At present our power generation capacity is 800MW," JSW Energy managing director Sajjan Jindal said. The company has earmarked expenditure of Rs6,000 crore during this year.

Other plants on the company's radar this year are: a 600MW power project in Karnataka, a 300MW unit of the Barmer project in Rajasthan and 300MW unit of the Ratnagiri power project in Maharashtra.

According to Jindal, the project at Barmer would start generating 1,080MW of power this financial year.

Another group company, JSW Steel, has received shareholders approval for rising about Rs4,775 crore through qualified institutional placement route. The issue is aimed at reducing company's debt.

Jindal said, ''We have got enabling resolution passed by our shareholders at our annual general meeting yesterday to raise $1 billion through qualified institutional placement. It is aimed to reduce the company's debt.''  The timing and quantum of the issue will be decided by the board of the company.

JSW Steel's consolidated debt is at Rs14,500 crore.