ADANI POWER TO PICK 49% STAKE IN ODISHA POWER : EXPLAINED IN DETAIL

ADANI POWER TO PICK 49% STAKE IN ODISHA POWER : EXPLAINED IN DETAIL

Adani Power NSE – 0.79 % will secure US-based The AES Corporation’s 49 percent value stake in Odisha Power Generation Corporation for USD 135 million (around Rs 1,019 crore), the Adani bunch firm.

Adani Power Ltd (APL) has consented to a conclusive arrangement to secure the 49 percent stake in Odisha Power Generation Corporation (OPGC) from the offshoots of The AES Corporation (AES), the US-based worldwide vitality organization,” an administrative documenting said.

Adani Power will get an aggregate of 89,30,237 value shares held in OPGC speaking to 49 percent of the complete gave, settled up and bought in value share capital of OPGC for USD 135 million.

The OPGC works 1,740 MW warm force plant at Banharpalli in Jharsuguda region, Odisha.

This plant is the pillar of the Odisha state for base burden power flexibly and among the most minimal cost power created in the state.

The supercritical limit of 1,320 MW is an as of late appointed current plant with low carbon impression.

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