JSW Energy Limited, through its subsidiary, JSW Neo Energy Limited, has made a 100% acquisition of the share capital of Tidong Power Generation Private Limited from Statkraft IH Holding AS.
TT&A advised JSW Energy on this acquisition.
The transaction team was led by Gautam Saha (Partner), Punita Gupta (Partner) and Akshay Malhotra (Partner), with support from Kush Saggi (Managing Associate), Abhilasha Gupta (Senior Associate), Prerna Raturi (Senior Associate), Aishik Majumder (Senior Associate), and Associates Sajjan Singh and Kopal Bhargava.
Sonam Mathur (Partner), Shubhang Joshi (Managing Associate) and Srivaishnavi R (Associate) advised on Competition Law aspects.
Cyril Amarchand Mangaldas advised Statkraft on this transaction.
The Tidong Hydropower Plant is a 150 MW run-of-river hydropower project on a tributary of Sutlej River in the Kinnaur District of Himachal Pradesh.
This acquisition adds to the hydroelectric generation capacity of JSW Energy, significantly augmenting JSW’s capacity in the state of Himachal Pradesh and will help JSW Energy in achieving its renewable-led capacity growth target of 30 GW by FY 2030.
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