# Resurgent Power to buy 75% stake in Prayagraj thermal power project

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).

- Type: Acquisition
- Announced: 2018-11-15
- Where: Bara tehsil, Allahabad district, Uttar Pradesh, India
- Value: $1.66B
- Status: announced
- Capacity: 1.9 GW (3 x 660 MW units)
- Products: electricity from coal-fired power plant
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Tata Power](https://endata.com/companies/14105.md) (investor)
- [Prayagraj Power Generation Company](https://endata.com/companies/34025.md) (target)
- [Resurgent Power](https://endata.com/companies/35502.md) (acquirer)
- [Jaiprakash Power Ventures](https://endata.com/companies/35503.md) (target)

## Sources

- [nsenergybusiness.com](https://www.nsenergybusiness.com/deals/resurgent-power-prayagraj-project/), 2018-11-15: "The JV has been evaluating various assets that meets its investment objective and Prayagraj fits into that."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.