JSW Energy has decided to revive its 240 megawatt (MW) hydro power project in Chamba district of Himachal Pradesh at a cost of Rs 2,500 crore.
Conceived in 2007, the project was however put on hold as the company could not have a long-term power purchase agreement (PPA) with the buyers, said a report in The Hindu.
It quoted Sharad Mahendra, COO, Energy Business, JSW Energy Limited, as saying: “The company has bid to supply 240 MW of the 500 MW for which bids were called by the Haryana government. We are waiting for the results, after which we will start work for the Kutehr project.”
JSW is also planning to acquire stressed power assets, including hydro power projects, to expand its capacity currently at 4,452 MW. In 2015,
It may be recalled that JSW bought Jaypee Group’s Karcham Wangtoo and Baspa power projects in Himachal Pradesh for Rs 9,700 crore, making it the largest deal in the hydro power sector and JSW Energy the largest private sector player in hydro electricity generation.
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