JSW Energy and Bina Thermal Plant Deal

IAS Prelims 2023

The Competition Commission has approved JSW Energy’s purchase of the 500MW Bina thermal power plant.

Under the deal, announced in July, JSW Energy will buy 100 per cent stake in the special purpose vehicle (SPV) — Bina Power Supply Ltd (BPSL) — to which 500 MW power plant is to be transferred.

The plant, which has two units of 250 MW generation capacity each, is located at Bina in Madhya Pradesh.