Credit rating agency, CARE has assigned in principle AA (SO) rating to Jaiprakash Power Ventures proposed long-term bonds/NCD worth Rs 1,110.25 crore. The rating has been assigned to the proposed bonds/NCDs of unit Vishnuprayag Hydel Power Project (400 MW HPP and a part of Jaiprakash Power Ventures).
The company has received the said rating on the back of established track record of operations the HPP with healthy power generation, consistently high Plant Availability Factor (PAF) over the years leading to high-incentive income, long-term Power Purchase Agreement (PPA) giving visibility of revenue, steady payment collection track record from the off-taker and high ranking of the HPP in the Merit Order Dispatch.
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.
| Company Name | CMP |
|---|---|
| NTPC | 401.90 |
| Tata Power | 444.45 |
| Adani Power | 223.50 |
| Power Grid Corp | 320.55 |
| Torrent Power | 1748.35 |
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