Adani Power to acquire AES’s stake in OPGC

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), a US-based global energy company for USD 135 million.

Adani Power will acquire a total of 89,30,237 equity shares held in OPGC representing 49 per cent of OPGC’s total issued, paid-up and subscribed equity share capital. OPGC operates a thermal power plant of 1,740 MW in Jharsuguda district. The balance 51 per cent stake in OPGC is owned by the state government of Odisha.



Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine