TPPs for Sale
Power sector seems to have seen hectic activity over the last three years - in terms of generation, transmission and distribution of power and efforts to create and bolster demand. However, with every addition of a megawatt in power generating capacity the problems of the sector got accentuated.
CCI approves sale of Jaiprakash's Bina unit to JSW
Fair trade regulator, the Competition Commission of India (CCI) has approved JSW Energy Limited’s buy-out of Jaiprakash's Bina Power Supply Limited. “The consideration of sale of entire securities of BPSL to be received from JSW Energy is linked to a base enterprise value of Rs 2,700 crore, subject to mutually agreed adjustments,” a statement from Jaiprakash Power said.
JSW Energy reopens talks with Jaypee Group
Months after initial discussions fell through, Sajjan Jindal-controlled JSW Energy is said to have reopened talks with the Jaypee Group on acquiring three power assets.
Jindal Steel to sell plant to JSW Energy for Rs.6,500 crore
Sajjan Jindals JSW Energy will acquire a 1,000-MW power plant in Chhattisgarh from Jindal Steel And Power. The enterprise value will be Rs.6,500 crore plus the value of net current assets as on closing date, said the binding agreement.
A Deal for the Planet
The latest attempt at saving the planet from the dangers of climate change has paid off. However, the power sector has to gear up for the new dynamics it brings in. The world was expected to arrive at a time to pay for its sins and excesses by 2050
Looking at implications, not at changing strategies
At this point in time we are not thinking of changing strategies, but looking at implications. As a responsible company we also plan to interact with the government on the MoEF norms, the direction of which is going that (Paris Summit) way.
The Turn of the Tide
With a new slew of orders in the offing, India´s Rs 1.30 lakh crore electrical equipment industry has shown a positive trend after four consecutive quarters of negative growth.