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Construction : Web Exclusive | September 2014 | Source : Construction Update

R Power not to buy Jaypee Group hydro assets

Reliance Power has terminated negotiations to buy the hydro power assets of Jaiprakash Power Venture for around Rs 12,300 crore.Jaypee Group attempt to reduce its debt burden failed. The power assets included the 400-MW Vishnuprayag plant in Uttarakhand, 300-MW Bapsa II and 1,091-MW Karcham Wangtoo projects in Himachal Pradesh. Reliance Power attributed the reason for termination of talks on the uncertain regulatory and tariff issues which can impact valuations.
 
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