Resurgent Power Ventures to acquire 75.01% stake in Prayagraj Power Generation

Lenders of Prayagraj Power Generation Company agreed to divest a 75.01% stake to Resurgent Power Ventures, a Singapore-based joint venture.

“The lenders of Prayagraj Power Generation Company Limited (PPGCL) have agreed to divest a 75.01% stake in PPGCL and issued a letter of intent (LoI) to Resurgent Power Ventures.”power-technology.com

• 2 sources
• power-technology.comM&As this week: Ballard Power Systems, Prayagraj Power Generation Company, Vectren Corporation - Power TechnologysmadhukarAug 30, 2018
• asian-power.comTata Power joint venture gets letter of intent for 1,930MW coal plant | Asian PowerDanielle IsaacAug 31, 2018

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