JSW Energy with Jaiprakash Power Ventures Ltd to acquire Bina Thermal Power

Q.  JSW Energy has entered into binding agreement with which company to acquire Bina Thermal Power?
- Published on 10 Sep 15

a. Himachal Baspa Power Company Ltd
b. Jaiprakash Power Ventures Ltd
c. Shyama Power
d. PGCIL

ANSWER: Jaiprakash Power Ventures Ltd
 
JSW Energy Ltd announced on 8th September 2015 that it has entered into a binding agreement with Jaiprakash Power Ventures Ltd to acquire Bina Thermal Power. The Sajjan Jindal firm also indicated it had acquired two hydro power assets from the company as well namely the Himachal Baspa Power Company Ltd owning Baspa II and Karcham Wangtoo- 2 hydropower assets. Jaypee Group owns Jaiprakash Power Ventures. It seeks to reduce debt through this move according to chairman M. Gaur

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