# Adani Power to acquire 49% stake in Odisha Power Generation Corporation for USD 135 million

Adani Power Limited signed a definitive agreement on June 24, 2020 to acquire a 49% stake in Odisha Power Generation Corporation from AES Corporation for USD 135 million.

- Type: Acquisition
- Announced: 2020-06-24
- Where: Jharsuguda district, Odisha, India
- Value: $135.0M
- Status: announced
- Capacity: 1,740 MW
- Products: thermal power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Adani Power](https://endata.com/companies/15513.md) (acquirer)
- [AES Corporation](https://endata.com/companies/20282.md) (partner)
- [Odisha Power Generation Corporation](https://endata.com/companies/48084.md) (target)

## Sources

- [powerline.net.in](https://powerline.net.in/2020/06/24/adani-power-to-acquire-aess-stake-in-opgc/), 2020-06-24: "Adani Power Limited (APL) has signed a definitive agreement to acquire 49 per cent stake in Odisha Power Generation Corporation (OPGC) from the AES Corporation (AES) for USD 135 million."
- [power-technology.com](https://www.power-technology.com/news/india-antitrust-competition-watchdog-approves-apl-49-stake-acquisition-opgc/), 2020-07-31: "The Competition Commission of India has given approved to Adani Power's proposed acquisition of a 49% stake in the Odisha Power Generation Corporation."

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