Jaiprakash Power Ventures has entered into a binding memorandum of understanding (MoU) to sell 100% stake of its 500 MW Bina Thermal Power Plant to JSW Energy. The plant at Bina in Madhya Pradesh has an installed capacity of 500 megawatts. The company also closed a previously announced deal to sell two hydropower projects to JSW Energy.
Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Currently the company operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission.
