{"id":406601,"date":"2021-03-23T16:27:13","date_gmt":"2021-03-23T10:57:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406601"},"modified":"2021-03-23T16:27:13","modified_gmt":"2021-03-23T10:57:13","slug":"power-grid-to-acquire-jaiprakash-powers-74-per-cent-stake-in-transmission-jv","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-grid-to-acquire-jaiprakash-powers-74-per-cent-stake-in-transmission-jv\/","title":{"rendered":"Power Grid to acquire Jaiprakash Power&#8217;s 74 per cent stake in transmission JV"},"content":{"rendered":"<p>Transmission utility Power Grid Corporation of India Ltd (Powergrid) is set to acquire 74 per cent stake in Jaypee Powergrid Ltd-JV (JPL) for an undisclosed amount.<\/p>\n<p>The company on Monday signed a share purchase agreement with Jaiprakash Power Ventures Ltd (JPVL) that will allow it to take full control of the joint venture. Post acquisition, JPL will become a wholly-owned subsidiary of Powergrid.<\/p>\n<p>Powergrid, which currently holds 26 per cent equity in JPL, has developed a 214 km long EHV power transmission project to evacuate power from Karcham-Wangtoo project in Himachal Pradesh.<\/p>\n<p>The power transmitted is meant for distribution and consumption in states of Himachal Pradesh, Haryana, Punjab, Uttar Pradesh and Rajasthan.<\/p>\n<p>This deal comes against the backdrop of Powergrid in advanced talks with investors for its first tranche of projects through an infrastructure investment trust (InvIT) route. Post the first tranche, a Rs 10,000 crore second tranche for the InvIT is also in the works as reported earlier.<\/p>\n<p>The public sector transmission utility is among the first PSU to to offer an InvIT as part of the government&#8217;s brownfield asset monetisation strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transmission utility Power Grid Corporation of India Ltd (Powergrid) is set to acquire 74 per cent stake in Jaypee Powergrid Ltd-JV (JPL) for an undisclosed amount. The company on Monday signed a share purchase agreement with Jaiprakash Power Ventures Ltd (JPVL) that will allow it to take full control of the joint venture. Post acquisition, JPL will become a wholly-owned subsidiary of Powergrid. Powergrid, which currently holds 26 per cent equity in JPL, has developed a 214 km long EHV power transmission project to evacuate power from Karcham-Wangtoo project in Himachal Pradesh. The power transmitted is meant for distribution and [&hellip;]<\/p>\n","protected":false},"author":39,"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-406601","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406601","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=406601"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406601\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}