Home / Centerstage / 2014 / july / Week 3 /
Reliance Power announces the acquisition of the Jaypee Group's hydroelectric-power business, helping the latter reduce its debt load. The deal, valued at $1.6 billion, positions Reliance Power as the largest provider of hydroelectric power in the private sector in India. Jaiprakash Power's plans to sell two of its hydropower plants to Taqa had recently fallen through.
Saturday, 26 July, 2014