# 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.

- Type: Acquisition
- Announced: 2018-11-16
- Where: Uttar Pradesh, India
- Status: announced
- Capacity: 1,980 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Tata Power](https://endata.com/companies/14105.md) (investor)
- [Resurgent Power Ventures](https://endata.com/companies/34024.md) (acquirer)
- [Prayagraj Power Generation Company](https://endata.com/companies/34025.md) (target)

## Sources

- [asian-power.com](https://asian-power.com/project/news/tata-power-buys-7501-embattled-1980mw-bara-power-plant), 2018-11-16: "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."

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