Jaiprakash Power To Set Up Rs 300 Cr Solar Project In MP
JPVL is primarily engaged in generation of thermal and hydroelectric power, and in recent years, it has also been diversifying into renewable energy projects
Jaiprakash Power Ventures (JPVL) will invest Rs 300 crore to develop a 50 megawatt (MW) solar power project in Madhya Pradesh, in its clean energy expansion.
The project, approved in principle at the company’s board meeting, will be established at the site of its existing 500 MW Jaypee Bina Thermal Power Plant in Bina, subject to regulatory and lender clearances. The move underscores JPVL’s strategy to diversify its energy portfolio and align with India’s renewable energy targets, while leveraging existing infrastructure for faster project execution.
Jaiprakash Power Ventures (JPVL) is part of the Jaypee Group, a diversified Indian conglomerate with interests in engineering, construction, cement, power, real estate, and hospitality.
JPVL is primarily engaged in generation of thermal and hydroelectric power, and in recent years, it has also been diversifying into renewable energy projects. The company operates large thermal plants like the 500 MW Jaypee Bina Thermal Power Plant in Madhya Pradesh and hydroelectric stations in Himachal Pradesh and Uttarakhand.
