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Resurgent Power, a JV backed by Tata Power, signed a share purchase agreement to acquire a 75% stake in Prayagraj Power Generation, which operates the 1.9 GW Bara Thermal Power Project in Uttar Pradesh, India. The transaction is valued at an enterprise level of INR 120 billion ($1.66 billion).
“The JV has been evaluating various assets that meets its investment objective and Prayagraj fits into that.”nsenergybusiness.com
Summarized from public sources; check the original articles before acting on it.