{"id":35040,"date":"2015-09-28T11:38:14","date_gmt":"2015-09-28T11:38:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=35040"},"modified":"2015-09-28T11:38:14","modified_gmt":"2015-09-28T11:38:14","slug":"jp-power-shareholders-clear-rs-1000-cr-for-bara-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jp-power-shareholders-clear-rs-1000-cr-for-bara-project\/","title":{"rendered":"JP Power shareholders clear Rs 1,000 cr for Bara project"},"content":{"rendered":"<p>Jaiprakash Power Ventures Ltd today said its shareholders have approved Rs 1,000 crore investment in its subsidiary PPGCL for setting up a 1,980 Mw thermal power plant.<\/p>\n<p>Shareholders, through postal ballot, have also approved sale of the company&#8217;s entire stake held in Himachal Baspa Power Company Ltd (HBPCL) for about Rs 9,700 crore as per an agreement on November 15, 2014 with JSW Energy, the company said in a BSE filing today.<\/p>\n<p>The HBPCL which has two operating hydro power assets-300 Mw Baspa-II Hydro electric project (HEP) and 1,091 Mw Karcham Wangtoo HEP.<\/p>\n<p>According to the statement, shareholder have also approved the proposal to shift registered office of the company from Himachal Pradesh to Madhya Pradesh.<\/p>\n<p>The company&#8217;s Prayagraj Power Generation Company Ltd (PPGCL) is implementing 1,980 Mw (3X660 Mw) thermal power plant at Bara in district Allahabad in Uttar Pradesh.<\/p>\n<p>Out of the total paid up capital of PPGCL of around Rs 3,123 crore, JPVL has already made equity investment of Rs 2,783 crore.<\/p>\n<p>JPVL is investing Rs 1,000 crore more in PPGCL to meet the revised project cost of Rs 13,780 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jaiprakash Power Ventures Ltd today said its shareholders have approved Rs 1,000 crore investment in its subsidiary PPGCL for setting up a 1,980 Mw thermal power plant. Shareholders, through postal ballot, have also approved sale of the company&#8217;s entire stake held in Himachal Baspa Power Company Ltd (HBPCL) for about Rs 9,700 crore as per an agreement on November 15, 2014 with JSW Energy, the company said in a BSE filing today. The HBPCL which has two operating hydro power assets-300 Mw Baspa-II Hydro electric project (HEP) and 1,091 Mw Karcham Wangtoo HEP. According to the statement, shareholder have also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-35040","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/35040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=35040"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/35040\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=35040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=35040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=35040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}