JSW Energy Limited has completed the acquisition of 100 per cent equity in Maruti Clean Coal and Power Limited (MCCPL) at an enterprise value of Rs 14.1 billion. Following the transaction, 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 for 195 MW (net) with Rajasthan discoms through PTC India Limited, with a residual term of around 14 years. In addition, 5 per cent of the power is supplied to the Chhattisgarh discom at variable cost, while the balance capacity of about 64 MW is sold in the merchant market. With the acquisition, JSW Energy’s total operating capacity has increased to 14,835 MW.