JSW Neo frontrunner to acquire Statkraft’s HP hydro power unit

JSW Neo Energy has emerged the frontrunner to buy Statkraft’s Himachal Pradesh hydro power unit that houses a project on the Tidong tributary of the Sutlej River, said sources familiar with the matter. Its offer pegs the enterprise value of the unit at ₹1,200-1,400 crore, they said. A deal could be signed within days.

KKR-backed Serentica Renewables and Torrent Power had also made offers for the hydro power unit, as per the sources.