Tata Power to acquire Ideal Energy Projects Limited

    Tata Power to acquire Ideal Energy Projects Limited

    264

    TataTata Power has signed a share purchase agreement to acquire entire stake in Nagpur-based Ideal Energy Projects Limited. However, Tata Power did not divulge any financial details pertaining to the project. IEPL owns a 540 MW thermal power plant near Nagpur in Maharashtra of which 270 MW was commissioned in May 2013. The acquisition is subject to statutory approvals certain conditions precedent. With this acquisition, Tata Power’s total generating capacity will increase to 8,885 MW.

    LEAVE A REPLY