Tata Power-led venture buys 75.01% stake in Bara power plant

Resurgent Power Ventures, a joint venture led by Tata Power, agreed to purchase a 75.01% stake in Prayagraj Power Generation Company Limited, which owns the 1,980MW Bara supercritical power plant in Uttar Pradesh, India. The transaction is subject to regulatory approvals.

“Resurgent Power Ventures’ subsidiary Renascent Power, a joint venture between Tata Power, ICICI Bank, and other global investors, agreed to purchase a 75.01% stake in Prayagraj Power Generation Company Limited.”asian-power.com

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• asian-power.comTata Power buys 75.01% of embattled 1,980MW Bara power plant | Asian PowerDanielle IsaacNov 16, 2018

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