JSW Neo Energy completes acquisition of RE portfolio of Mytrah Energy

JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW En­ergy Limited, has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Private Limited (MEIPL), in a two-step process. Acquisition includes 15 SPVs and 13 ancillary SPVs having a total installed renewable energy capacity of 1,449 MW. The 28 subsidiaries of MEIPL have now become subsidiaries of JSW Neo and accordingly step-down subsidiaries of JSW Energy. The transaction values the Mytrah Energy portfolio at approximately Rs 101.5 billion.