JSW Energy Ltd to Discuss Acquisition of GMR Kamalanga Energy Ltd Call Transcript
Ladies and gentlemen, good day, and welcome to the analyst call hosted by JSW Energy Limited. We have with us the senior management of JSW Energy, represented by Mr. Prashant Jain, Joint Managing Director and CEO; Mr. Sharad Mahendra, Director and COO; and Mr. Jyoti Kumar Agarwal, Director of Finance. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Prashant Jain (inaudible). Over to you, sir.
Thank you. Good evening, ladies and gentlemen. Today, JSW Energy has signed share purchase agreement with GMR Energy for acquiring 100% stake in their subsidiary, GMR Kamalanga Energy Limited, which is owning and operating 1,050-megawatt thermal power plant in Orissa. This asset fits in our stated strategy. It is a textbook case wherein the asset is having close to 85% of its capacity tied up for a long-term PPA, diversified both PPA portfolio with PPAs with Orissa, Haryana and Bihar. It operates a pit-head plant with a
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