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Rel Power Buys JP's Hydro Assets


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July 28: Barely two days after Abu Dhabi based energy major TAQA called off a Rs.9,689 crore deal with JP Associates, Anil Ambani owned Reliance Power has agreed to buy the hydropower assets of Jaiprakash Power Ventures for an undisclosed amount. The pact is a crucial step for JP Power when paring its debt, while for R-Power this acquisition will help in diversification. Watch as Mehak Kasbekar and Amritha Pillay shares a detailed report on the same.