While there is no damage to the power house, the barrage has been suspended and would take around 3-4 months to resume full operations, JP Ventures said
Jaiprakash Power Ventures, a subsidiary of Jaiprakash Associates, has informed the exchanges that its 400 MW Vishnuprayag Hydro Power plant has been shut due to the unprecedented floods in Uttarakhand.
While there is no damage to the power house, the barrage has been suspended and would take around 3-4 months to resume full operations, JP Ventures said. While the management has not been able to assess the internal status of the barrage, the structure is intact.
However, the loss (including the loss of profit) would be minimal due to enforcement of force majeure in the PPA agreement and the cover of an Industrial All Risk Insurance policy.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
