JSW Energy completes acquisition of KSK Mahanadi

JSW Energy Limited has completed the acquisition of KSK Mahanadi Power Company Limited (KMPCL) for the 3,600 MW Akaltara (Nariyara) Thermal Power Project at a cost of Rs 160.84 billion.

The Competition Commission of India (CCI) approved JSW Energy’s acquisition of a 100% stake in KMPCL through its wholly owned subsidiary, JSW Thermal Energy One Limited, last week.

The thermal power project, located in Nariyara, Akaltara, Janjgir-Champa district of Chhattisgarh, has an operational capacity of 1,800 MW. The power generated is supplied to distribution utilities in Andhra Pradesh, Tamil Nadu, Chhattisgarh, Gujarat, and Uttar Pradesh.

KMPCL, a special purpose vehicle (SPV), entered the corporate insolvency resolution process (CIRP) at the National Company Law Tribunal (NCLT) in April 2022.