NEW DELHI: The deal with regard to buying JSPL's 1,000 MW power plant in Chhattisgarh is on track and is likely to close by June next year, JSW Energy has said. "The Tamnar acquisition is on track and expected to close before the long stop date of June 30, 2018," JSW Energy said in its annual report 2016-17. JSW Energy had earlier signed firm agreement with JSPL to acquire 1,000 MW Tamnar project. JSW Energy had last year said that it will acquire Jindal Steel and Power Ltd's 1,000 MW power plant in Raigarh, Chhattisgarh for Rs 6,500 crore with certain pre-arranged conditions. JSW Energy had also entered into a pact with Jaiprakash Power Ventures Limited (JPVL) to acquiring 500 MW Bina thermal power plant.

Source: Economic Times July 16, 2017 17:51 UTC