JPVL

AcronymDefinition
JPVLJaiprakash Power Ventures Limited (Jaiprakash Industries Ltd.; India)
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Specifically MHI will supply core boiler components to LMBPL, and LMBPL will undertake boiler assembly - the first boiler to be produced by the company - for delivery to JPVL. For the STG sets, MHI and Mitsubishi Electric Corporation will manufacture and supply core components to LMTGPL, and LMTGPL will undertake assembly and delivery of the sets to L&T.
JPVL, is a power project implementing agency of Jaypee Group, an infrastructure conglomerate with annual turnover of USD 1.3 billion, and has a formidable presence in engineering & construction along with interests in power, cement, hospitality, real estate, expressways and education.
JPVL has believed and accepted the recommendation of the committee of directors to divert and transfer of 500 MW Bina thermal plant as a going concern basis to its subsidiary Bina Power Supply Limited ( BPSL) via the scheme of arrangement okayed by the board subject to all regulatory nods.
JPVL's hydroelectric power portfolio has an aggregate capacity of nearly 1,800 MW, fully in operation, the largest in the private sector in India, and with an asset base of over ` 10,000 crore.
The development comes merely four days after an Abu Dhabi- led consortium pulled out of a $ 1.6- billion deal to buy two hydroelectric power plants from JPVL dealing a blow to the Indian Group's efforts to cut its debt.
JPVL is one of the members of the major infrastructure conglomerate Jaypee Group of India.
JPVL and Reliance Power on Wednesday, canceled a deal of similar size which included the 400 MW Vishnuprayag hydro power plant instead of the Bina plant.