JSW Energy is reportedly in talks to buy JP Power’s Bina and Nigrie thermal power units. Bina Thermal Power Plant has a capacity of 500 MW may have an Enterprise Value of Rs 3,500 crore, while Nigrie power project could command a valuation of over Rs 9,000 crore.
JSW Energy is in talks to replace Jaiprakash Associates (JAL) from the 49:51 joint venture with Madhya Pradesh State Mining Corporation (MPSMCL) for the coal requirements of the Nigrie power plants.
JSW Energy is the holding company for the JSW group’s power business having operational capacity of 2,600 Mega-Watts consolidated.
