Jaiprakash Power Ventures Limited, a subsidiary of Jaypee Group, has sold its two hydro power projects in Kinnaur district to a consortium led by Abu Dhabi National Energy Company PJSC (TAQA), the international energy and water company from Abu Dhabi, for Rs 10500 crore. The two plants, having combined generation capacity of 1391 MW, are located within 2 km of each other and share support facilities. They use run-of-the-river technology to convert natural water flow to electricity, eliminating the need for a reservoir. The plants are 35 km from the Sorang hydroelectric plant, in which TAQA acquired a stake last year.
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