JSW Energy has successfully completed the acquisition of 100% of the equity share capital of Maruti Clean Coal & Power (MCCPL). Further to this, MCCPL has become a wholly-owned subsidiary of the company.
MCCPL owns and operates a 300 MW thermal power plant at Korba, Chhattisgarh. The plant has a long-term Power Purchase Agreement (PPA) of 195 MW (net) with Rajasthan discoms, routed through PTC India, with a residual PPA life of around 14 years. In addition, the plant provides 5% power at variable cost to the Chhattisgarh discom, while the balance around 64 MW capacity is sold in the merchant market. Coal is secured through a long-term Fuel Supply Agreement with SECL, and linkage under the SHAKTI scheme.
The transaction values MCCPL at an enterprise value of Rs 1,410 crore. With this acquisition, the company’s total Installed capacity stands at 14,835 MW.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
| Company Name | CMP |
|---|---|
| NTPC | 345.00 |
| Tata Power | 381.00 |
| Power Grid Corpn. | 271.75 |
| Adani Power | 208.25 |
| Torrent Power | 1346.20 |
| View more.. | |
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