Jaiprakash Power transfers 2 hydel projects to separate company

Jaiprakash Power Ventures has transferred Baspa-II and Karcham Wangto hydel plants — which are to be sold to JSW Energy to a separate company created for the proposed deal.

In a regulatory filing, Jaiprakash Power said the two plants along with their assets and liabilities, among others, have been transferred to Himachal Baspa Power Company Ltd, effective today.

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