Mumbai, July 28 IANS | 2 months ago

Reliance Power has signed an agreement to acquire the entire 1,800 MW hydroelectricity portfolio of the Jaiprakash Group for over Rs.10,000 crore to register India's biggest deal in the infrastructure sector other than telecom.


"Reliance Power signs exclusive Memorandum of Understanding to acquire 100 percent of entire hydro power portfolio of Jaiprakash Power Ventures," the company said Monday in a filing to the Bombay Stock Exchange (BSE).

The deal has been signed by Reliance CleanGen (RCL), a 100 percent subsidiary of Reliance Power and Jaiprakash Power Ventures (JPVL), a subsidiary of Jaiprakash Associates (JAL), the company said.

"JPVL's hydroelectric power portfolio has an aggregate capacity of nearly 1,800 MW, fully in operation, the largest in the private sector in India, and with an asset base of over Rs.10,000 crore. The portfolio comprises three plants, with an asset life of over 50 years, each using run-of-the-river technology to convert natural water flow to electricity," Reliance Power said.

The acquisition would make Reliance Power one of India's largest private power companies with 7,800 MW operating capacity by end of the current fiscal.

(Posted on 28-07-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

MORE MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |