In a statement, JSW Energy said the covered portfolio comprises wind projects in Andhra Pradesh and Maharashtra and have long term power purchase agreements. It has a blended tariff of INR 5.22 per kilowatt hour and average remaining plant life of around 15 years.
The total locked-in capacity of the company stands at 24.7 gigawatts which consists of different fuel mix and offtakers.
The transaction values the Hetero portfolio at an enterprise valuation of approximately INR 630 Crores, excluding net current assets and other adjustments under share purchase agreements.
