Jaiprakash Power to sell stake in two hydro power projects

Jaiprakash Power Ventures (JP Power) is reportedly looking to sell stake in two hydro power projects. These two power projects include 300 MW baspa and 1200 MW Karcham Wangtoo. The total cost for JP Power plant is higher than Rs 10,000 crore.

In this regard, JP Power likely to have approached players like CESC JK power projects. CESC is reluctant to buy stake in these projects. JP Power’s consolidated debt is more than Rs 20,000 crore.

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.