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Reliance Power terminates discussion for acquisition of JPVL’s Hydro portfolio

25 Sep 2014 Evaluate

Reliance Power has terminated discussion with Jaiprakash Power Ventures (JPVL) regarding acquisition of JPVL’s Hydro portfolio of 3 projects, with an aggregate capacity of 1,791 MWs. The company has taken this step due to prevailing regulatory uncertainties, and tariff issues, which impacts valuations.

Reliance Power is a part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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