Jaiprakash Power Ventures (JPVL), a part of the Jaypee Groug, has resumed operations of the 400MW Vishnuprayag hydro power plant located across river Alaknanda in district Chamoli of Uttaranchal, India.
The run-of-river power plant was close on 25 June 2015 due to heavy rains and storm in the region.
Commissioned in 2006, the power project features four generation unit which can generate 1774.42 GWh of electricity in a 90% dependable year.
In 2014, Reliance CleanGen, a unit of Reliance Power, has signed an exclusive memorandum of understanding (MoU) to acquire entire hydro power portfolio from Jaiprakash Power Ventures, a subsidiary of Jaiprakash Associates.
As per the MoU, Reliance Power was entailed to acquire three operating hydro power plants which have an aggregate capacity of nearly 1,800MW and asset size of over INR100bn ($1.66bn), from Jaiprakash Power Ventures.
With estimated asset life of over 50 years include, the projects are based on run-of-the-river technology to eliminate the need for a large reservoir.
The three power plants include 300MW Baspa Stage II project and 1091MW Karcham Wangtoo project in Himachal Pradesh as well as 400MW Vishnuprayag project.
The MoU, however, comes as a result of withdrawal of TAQA India Power Ventures from an agreement with Jaiprakash Power Ventures for the sale of Baspa II and 1,091MW Karcham Wangtoo hydro-electric projects in Himachal Pradesh, India.
Recently, Sajjan Jindal-controlled JSW Energy has signed an agreement to acquire 100% stake in Himachal Baspa Power Company from Jaiprakash Power Ventures for about INR97bn ($1.57bn).
JPVL will transfer the Baspa II project and Karcham Wangtoo project into Himachal Baspa Power.