Taqa Group to Buy Indian Power Plants for $1.6 Billion – Wall Street Journal
A consortium led by United Arab Emirates’ Abu Dhabi National Energy Co. has agreed to buy two hydroelectric power plants from India’s Jaypee Group for $1.6 billion, in the latest example of Indian companies unloading assets in response to tough times in Asia’s third-largest economy.
The acquisition—which includes debt and will give the investor group full ownership of the plants in northern India—will rank among the top 15 foreign…
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