Reliance Power to buy Jaypee s hydropower projects

 Reliance CleanGen, a wholly-owned subsidiary of Anil Ambani-controlled Reliance Power (R-Power), has signed a deal to buy entire hydropower portfolio of Jaiprakash Power Ventures Ltd (JPVL).
“Reliance CleanGen has signed a memorandum of understanding with JVPL for acquisition of its entire hydroelectric power portfolio, ” R-Power informed BSE issuing a statement.

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