JSW Energy-Jaiprakash deal for 500-mw Bina plant gets CCI nod

New Delhi, Sep 19 () The Competition Commission has approved Sajjan Jindal-promoted JSW Energy‘s purchase of the 500-mw Bina thermal power plant fromJaiprakash Power Ventures.

Under the deal, announced in July, JSW Energy will buy 100 per cent stake in the special purpose vehicle (SPV) — Bina Power Supply Ltd (BPSL) — to which 500 mw power plant is to be transferred.

The plant, which has two units of 250 mw generation capacity each, is located at Bina in Madhya Pradesh.

The Competition Commission of India (CCI), which keeps a tab on unfair business practices across sectors, has approved the proposed acquisition, as per latest information available on the regulator’s website.

In July, JSW Energy informed BSE that it has agreed to acquire 500 mw (2X250 MW) thermal power plant located at Bina.

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