Jaiprakash Power Ventures Limited (JPVL) earlier known as Jaiprakash Hydro Power (JHPL), is a part of the Jaypee Group was incorporated in 1994. The company owns and operates the 300 MW Baspa-II Hydroelectric Project at District Kinnaur, Himachal Pradesh , 400 MW Vishnuprayag Hydroelectric project, at District Chamoli, Uttarakhand and 1000 MW Karcham-Wangtoo at District Kinnaur, Himachal Pradesh. All the plants are run-of-the-river hydroelectric power projects.The company is also implementing the 1320 MW (2X660 MW) super critical technology boiler pit head based Nigrie Thermal Project at District Singrauli in the state of Madhya Pradesh which is expected to commence operations in 2013.The company has also subscribed 74% of the equity capital of Jaypee Powergrid Limited (JPL), developing a 214 km long power transmission project to evacuate power from the Karcham Wangtoo project, expected to commence operations by December 2011 (the Transmission project).The company through its subsidiary Jaypee Arunachal Power Limited is implementing two projects in Arunachal Pradesh, the 2700 MW Lower Siang & 500 MW Hirong. JPVL has also extended into implementation Agreement with Government of Meghalaya to set up 270 MW Umngot and 450 MW Kynshi Stage –II hydro power projects.JPVL has also acquired Bina Power Supply Company Limited (BPSCL) from the Aditya Birla Group and is setting up a 1250 MW coal fired Thermal Power Plant at Bina in the State of Madhya Pradesh.The company has also acquired Sangam Power Generation Company Ltd. for setting up 3 x 660 MW Karchana Thermal Power Project (Phase – I : 2×660 MW) & Prayagraj Power Generation Company Ltd. for 5 x 660 MW Bara Thermal Power project (Phase – I : 3×660 MW) from UP Power Corporation Ltd. on BOO basis.
JHPL has signed MOU with Power Grid Corporation of India (PGCIL) to form joint venture for laying a 230 km (approx.) long transmission system to evacuate power from the 1000 MW Karcham-Wangtoo Hydro Electric Project in Himachal Pradesh.
400 MW Vishnuprayag Hydropower Project of Jaiprakash Power Ventures Ltd (JPVL) was awarded 1st Prize in the category “Energy & Power’’ by the Essar Steel Infrastructure Excellence Awards 2010 in association with CNBC TV18.300 MW Baspa – II Hydropower project being awarded with “Silver Shield” by Shri Sushil Kumar Shinde, Union Minister of Power along with Shri Bharatsinh Solanki, Union Minister of State for Power in the prestigious National Awards for Meritorious Performance in Power Sector by the Ministry of Power for 2008-09.
2012300 MW Baspa – II Hydropower project has been awarded the “Gold Shield for 2009-10” and “Silver Shield for 2010-11” by the Ministry of Power, Government of India in the category of “performance of hydropower stations”.