JAIPRAKASH POWER VENTURES LIMITED (JPVL)

Project:

Jaiprakash Power Ventures Limited (JPVL), a subsidiary  of Jaiprakash Industries Ltd. (JIL) is implementing Vishnuprayag  Hydro-Electric project, a run of the river scheme located across river Alaknanda in district Chamoli of Uttranchal on Build, Own  and Operate basis. The project, utilising the water  of river Alaknanda, shall have an underground power station with an installed capacity of 400 MW (4x100 MW). The work on project is  progressing satisfactorily  and the project is scheduled to be commissioned in 2006.  PPA for the sale  and purchase of  power  to be generated by the project is in place.  12% free power shall go to Uttaranchal and balance power shall be taken by UPPCL.  

Completion Cost and Funding of the Projec:

The project completion cost as appraised by ICICI Bank Ltd. (ICICI), the  Lead Institution is Rs.1901.12 crores  including margin  money (Rs.19.61 crores).  The financing of the project based on Debt-Equity ratio of 70:30, is as under:

                                                               (Rs. in Crores)

Equity                           -             570.34

Rupee Term Loans/ NCDs       1181.50                                                           Foreign Currency Loans

(US$ 30.82 million)                   

                        equivalent to                               149.28

                                                                        ----------

                                                Total               1901.12

                                                                        ======

Saleable Energy:

·        Saleable Primary Energy                 :           1795  million units

·        Saleable Secondary Energy             :             175  million units