Jaypee may sell hydro power assets.

Abu Dhabi National Energy Company, IDFC and a Canadian pension fund are likely to walk away with some of the hydro power assets that the Jaypee Group is planning to hive off to cut debt.

'The talks are in the final stages and it should happen pretty soon,' a source told TOI, adding that the deal could happen within a month. He declined to give details about the deal structure, but said that the Abu Dhabi firm would have a larger role. The projects likely to be put on the block include the 400MW Vishnuprayag and the 1,000MW Karcham-Wangtoo, the country's largest private sector hydro-power producer.

TOI