Taqa-led group acquire two Indian power plants | Taqa-led group acquire two Indian power plants -
hydroelectric-power-plants

Taqa-led group acquire two Indian power plants

: Monday, March 03 - 2014 @ 00:21

A group led by Abu Dhabi National Energy Co (Taqa) has agreed to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures in a deal worth about $1.6bn, Reuters has reported. The group will spend $616m on equity in the plants, and in addition take over their non-recourse project debt, bringing the total enterprise value to around $1.6bn, Taqa said. State-run TAQA, with 51% of the consortium, will control the operations and management of both plants under the deal. PSP Investments, one of Canada’s largest institutional investors, will own 39% and an infrastructure fund run by India’s IDFC Alternatives will hold 10%.

Today's Top Stories

Posted by

Monday, March 3- 2014 @ 0:21 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs