Jaypee
Group
ventured
into private
Hydro-power
generation
on Build
Own Operate
(BOO)
basis
when the
Government
of India
liberalized
the economy
in early
1990’s
and opened
the power
sector
for private
participation.
Baspa
–II
project,
on of
the first
BOO projects
to be
commissioned
after
1991 reforms
by the
Group.
Group
has most
creditable
track
record
of implementing
Hydropower
projects
in the
Country.
The group
with its
operational
projects
of 300
MW Baspa-II
and 400
MW Vishnuprayag
is India’s
largest
Private
sector
Hydro-power
producer.
Over 89%
of the
total
hydropower
capacity
addition
in the
last 10
years
has been
added
by the
Jaypee
Group.
One of
the key
strengths
is the
lowest
cost of
generation
and availability
of peaking
power
on long
term basis.
JPVL is
currently
operating
400 MW
Vishnuprayag
Hydro
Electric
project
in Uttarakhand
on Built-Own-Operate
basis
which
is one
of the
largest
hydro-power
project
in the
private
sector
in India
and got
commissioned
six months
ahead
of schedule.
JPVL plan
to implement
a 2025 MW
hydroelectric
project
(the Lower
Siang project),
expected
to commence
operations
in 2014
and a 500
MW hydroelectric
project
(the Hirong
project),
expected
to commence
operations
in 2015,
in the state
of Arunachal
Pradesh
(collectively
the Arunachal
projects).
These projects
were initially
awarded
to JAL and
were transferred
to us through
a tripartite
agreement
dated December
13, 2007.
The memoranda
of agreement
for these
projects
provide
for the
Government
of Arunachal
Pradesh
to own 11%
of the equity
capital
in the special
purpose
vehicle
that are
to be incorporated
to implement
each of
these projects.
JPVL proposes
to subscribe
55.36% of
the equity
capital
of Jaypee
Karcham
Hydro Corporation
Limited
(JKHCL),
which is
implementing
a 1000 MW
( 4*250
MW units)
run-of-the-river
hydroelectric
power projects
on the river
Sutlej,
in Kinnaur
district
of the state
of Himachal
Pradesh
, expected
to commence
operations
in 2011
(the Karcham
–Wangtoo
project).
