Hydro-Power Limited (JHPL), a part of the Jaypee Group
owns and operates the 300 MW Baspa-II Hydroelectric
Project at District Kinnaur in Himachal Pradesh. The
erstwhile Jaiprakash Industries Limited (JIL), the promoter
company, since merged with Jaypee Cement Limited (JCL)
and now known as Jaiprakash Associates Limited (JAL)
signed the Memorandum of Understanding (MOU) for Baspa
Stage-II project in November 1991 and was granted approval
to develop 300 MW Baspa Stage-II Hydroelectric project
in private sector on "Build, Own and Operate"
basis by the Government of Himachal Pradesh in October
1992. The Baspa-II project - India's Largest
Private Sector Hydro-Power Project was fully
commisioned on 8th June 2003 at a project cost of Rs
1624.72 crores and has since been generating power.