# Actis buys 49% stake in Shapoorji Pallonji's Bhola gas power plant

Actis, through its platform Bridgin Power, acquired a 49% stake in Shapoorji Pallonji's 220 MW combined cycle gas turbine power plant in Bhola, Bangladesh. The deal is part of a $400 million equity commitment to install at least 1.2 GW of gas power capacity by 2028.

- Type: Acquisition
- Announced: 2022-07-01
- Where: Bhola district, Bangladesh
- Status: announced
- Capacity: 220 MW
- Products: gas-fired power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Shapoorji Pallonji Group](https://endata.com/companies/26915.md) (target)
- [Actis](https://endata.com/companies/27319.md) (acquirer)
- [Bridgin Power](https://endata.com/companies/63846.md) (partner)

## Sources

- [constructionworld.in](https://www.constructionworld.in/energy-infrastructure/oil-and-gas/actis-buys-49--stake-in-shapoorji-pallonji-energy-unit/34947), 2022-07-01: "The acquisition of the Bhola asset sets us on our path to create an energy platform of scale, using natural gas as a bridge to a sustainable and low carbon future."

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