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Jaiprakash Power Ventures' barrage operations and power generation get shut down

24 Jun 2013 Evaluate

Jaiprakash Power Ventures' barrage operations and power generation have got shut down with effect from June 16, 2013. The company has taken this step as during the onset of monsoon, Uttarakhand including Chamoli district where the company’s 400 MW Vishnuprayag Hydro-power plant is situated, has witnessed very heavy rain causing unprecedented flood of very high intensity with excessive silt, boulders and other materials in the Alakananda river, resulting in disturbances to river protection works.

While the company is taking effective steps to restore generation, assessment of damages due to the said flood conditions shall be made on restoration of commutation and connectivity to Barrage site. The unprecedented floods in river Alaknanda has resulted in Force Majeure event for 400 MW Vishnuprayag Project, commercial aspects of which shall be addressed in accordance with power purchase agreement between Uttar Pradesh Power Corporation (UPPCL) and the company. The 400 MW Vishnuprayag project is covered under Industrial All Risk Insurance Policy.

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.

JP Power Ventures Share Price

19.06 -0.67 (-3.40%)
04-May-2026 16:59 View Price Chart
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