# Odisha Hydro Power Corporation to acquire AES stake in Odisha Power Generation Corporation

The Competition Commission of India approved the acquisition of AES Corporation's 49% stake in Odisha Power Generation Corporation Ltd by Odisha Hydro Power Corporation Ltd, a government entity. The deal counters a previous plan by Adani Power.

- Type: Acquisition
- Announced: 2020-12-11
- Where: India
- Status: announced
- Products: coal-based thermal power, hydroelectric power, solar power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [AES Corporation](https://endata.com/companies/20282.md) (target)
- [Odisha Power Generation Corporation](https://endata.com/companies/48084.md) (target)
- [Odisha Hydro Power Corporation](https://endata.com/companies/51802.md) (acquirer)

## Sources

- [tndindia.com](https://www.tndindia.com/odisha-government-entity-acquire-aes-stake-opgc/), 2020-12-11: "The proposed combination involves the acquisition by OHPC of 49 per cent equity shares in OPGC from AES OPGC Holding and AES India, pursuant to the share sale and purchase agreement."

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