Support: +91-22-61011756 / help@projectstoday.com

JSW Energy acquires RE Portfolio of Mytrah Energy

Thursday, 30 Mar 2023
Share this on :

JSW Neo Energy (JSW Neo), a wholly-owned subsidiary of JSW Energy has completed the acquisition of 1,753 MW of renewable energy (RE) assets from Mytrah Energy India (MEIPL).

This includes 15 special purpose vehicles (SPVs) and 13 ancillary SPVs having 1,449 MW of total installed RE capacity. As part of the acquisition, 28 subsidiaries of MEIPL have now become subsidiaries of JSW Neo, and accordingly step-down subsidiaries of JSW Energy.

The Mytrah Energy portfolio is valued at approximately Rs 10,150 crore in the transaction.

This is the largest acquisition made by JSW Energy so far, which will leapfrog the current operational capacity from 4,811 MW to 6,564 MW. With the acquisition, its total locked-in capacity stands at 9.9 GW of which total renewable capacity stands at around 6.0 GW. It has about 2.9 GW of under-construction projects which are likely to be commissioned over the next 12-18 months.

 
Post Your Comments


  
REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services