JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of approximately Rs 6.3 billion.
The portfolio includes wind power projects located in Andhra Pradesh and Maharashtra, supported by long-term power purchase agreements. The acquisition was carried out through three special purpose vehicles owned by Hetero Labs Limited and Hetero Drugs Limited. The portfolio has a blended tariff of Rs 5.22 per kWh and an average remaining plant life of 15 years.
