The government has decided to allow the transfer of Karcham Wangtoo (1000 MW) and Baspa II (300 MW) hydro projects after the two had signed a pact in November 2014.
The Himachal Pradesh Government has given the permission to permit the transfer of two major hydro power projects operated by Jaypee group to another private company JSW Energy Ltd, according to reports.
A report says that the government has decided to allow the transfer of Karcham Wangtoo (1000 MW) and Baspa II (300 MW) hydro projects after the two had signed a pact in November 2014.
The power deal was signed between the two companies for Rs.9,700 crore in November last year.
JSW Energy would have 100 per cent stake in the two hydro power projects with a combined capacity of around 1,391 MW, says report.
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