JSW Energy completed the acquisition of a 1,753 MW of renewable energy assets from Mytrah Energy for $1.85bn.

JSW Energy, a power company engaged in power generation, transmission and trading, completed the acquisition of a 1,753 MW of renewable energy assets from Mytrah Energy, a renewable independent power producer, for $1.85bn. “We are pleased to acquire the portfolio of Mytrah Energy, which is a landmark transaction and would be immensely value accretive to our shareholders from day one. This acquisition further strengthens and diversifies our operating footprint across various key resource rich states, increasing optionality to grow the portfolio further. We are confident to significantly improve the operating performance of the Mytrah portfolio by implementing a comprehensive asset optimisation and performance improvement plan by leveraging our operating and financing expertise. The acquisition would help the Company in advancing towards its capacity target of 10 GW by FY 2025, well ahead of time,” Prashant Jain, JSW Energy Joint Managing Director and CEO.