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JSW Energy has bought 2 hydro projects of JP Power for Rs 9,700 crore

Two hydro power projects of Jaiprakash Power Ventures Ltd (JPVL) has been bought by JSW Energy for Rs 9,700 crore.

JSW Energy said in a statement, “The company has concluded the acquisition of 100 per cent of the securities of Himachal Baspa Power Company Ltd. (HBPCL) which has two operating Hydro Power assets -300 MW Baspa-II Hydro electric project (HEP) and 1,091 MW Karcham Wangtoo HEP.”

It further said, “JPVL has also entered into a binding MoU with JSW Energy for sale of 100 per cent stake of its 500 MW Bina Thermal Power Plant to JSW Energy.”

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