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Arunachal projects on track: Jindal Power

The combined capacity of the three power projects in Arunachal Pradesh is about 5,500 Mw

Jindal Power Limited (JPL) has assured its three hydel power projects, in a joint venture with Hydro Power Development Corporation of Arunachal Pradesh Limited (HPDCAPL), are on track. This follows the company's deal with the state government to pick up 49 per cent stake in HPDCAPL being cancelled. "JPL and HPDCAPL continue to hold 74 per cent and 26 per cent, respectively, in the three project companies for Etalin, Attunli and Kamala projects. What has been reversed is the agreement by which our group company had acquired 49 per cent shareholding in HPDCAPL by mutual ...