Mumbai, India — August 04, 2025 – JSW Energy Limited (“The Company”) has completed the acquisition of a majority stake in KSK Water Infrastructures Private Limited (“KWIPL”), under the Settlement Plan approved by the Committee of Creditors and the Hon’ble National Company Law Tribunal, pursuant to the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.
KWIPL owns and operates a dedicated water intake and transportation infrastructure that supplies raw water to the KSK Mahanadi Power Company Limited which owns a 3,600 MW (600MW x 6 units) thermal power plant located in Chhattisgarh. Of the total capacity, 1,800 MW is operational while the remaining is under development. The acquisition of a majority stake in KWIPL will enable operational control and efficiency in managing water supply to the KSK Thermal Plant for entire 3,600 MW capacity, enhancing reliability and reducing dependency risks for this critical input.
As part of the resolution, the Company has paid the settlement amount of ₹ 962 Crores to the Lenders of KWIPL. Post-acquisition, JSW Energy holds a 51% equity stake in KWIPL, while the remaining 49% is held by KSK Mahanadi Power Company Limited, a subsidiary of the Company.
JSW Energy has a total locked-in generation capacity of 30.3 GW comprising of 12.8 GW operational, 12.9 GW under-construction across thermal and renewable and has pipeline of 4.6 GW. The company also has 29.4 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4 GWh and battery energy storage system of 3.0 GWh. The Company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030 and achieve Carbon Neutrality by 2050.
