JSW Energy concludes acquisition of Himachal Baspa Power Company

JSW Energy plans to acquire Bina Thermal Power Plant

JSW Energy announced that the Company has concluded the acquisition of 100% of the securities of Himachal Baspa Power Company (HBPCL) which has two operating Hydro Power assets - (i) 300 MW Baspa - II HEP and (ii) 1,091 MW Karcham Wangtoo HEP.

Further the Company has informed that, the Company has also entered into a binding Memorandum of Understanding (MoU) with Jaiprakash Power Ventures Limited to acquire 100% stake in the 500 MW Bina Thermal Power Plant located in the Sagar district of Madhya Pradesh.

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