 "JSW Energy set to buy Jaiprakash Power thermal power plant")
JSW Energy Ltd is set to announce it will buy a power plant in Madhya Pradesh from debt-burdened Jaiprakash Power Ventures Ltd , a source with direct knowledge of the deal said, as it boosts power capacity.
The companies could announce the early stage agreement - for the purchase of the Bina power plant, in the state of Madhya Pradesh - as early as Tuesday, the source said, declining to give a deal value.
The Economic Times newspaper earlier on Tuesday reported JSW could pay about Rs 3,500 crore ($525 million) for the 500 megawatt power plant.
A spokeswoman for the Jaiprakash group declined comment, saying they would issue a statement later on Tuesday.