Home » JSW Energy to buy Jaypee´s hydropower assets

JSW Energy to buy Jaypee´s hydropower assets

Power & New and Renewable Energy
October 1, 2014October 1, 2014
JSW Energy to buy Jaypee´s hydropower assets
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JSW Energy will buy three hydropower projects of Jaiprakash Power Ventures Ltd (JPVL), after Reliance Power Ltd (R-Power) called off its talks to buy the assets, in what it called ´regulatory uncertainties.´ The transaction was announced by Manoj Gaur, Executive Chairman, Jaiprakash Associates Ltd, and Sajjan Jindal, Chairman, JSW Steel Ltd, in New Delhi. The portfolio comprises Baspa Stage II (300 MW) and Karcham Wangtoo (1,091 MW) projects in Himachal Pradesh, and the Vishnuprayag (400 MW) project in Uttarakhand.

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