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To increase capacity, Tata Power and JSW Energy are pursuing the acquisition of a 1,980 MW coal-fired generator unit
in northern India.
Both companies have provided more than Rs 6,000 crore upfront payments and equity to lenders of Prayagraj Power Generation, which now owns 89 per cent of the company
.
According to people familiar with the matter, there was no significant difference
between the offers of Tata Power and JSW Energy.
It is understood that Tata Power offered a 15% stake to Prayagraj's lender, while JSW Energy offered a lesser stake
.
:/, please indicate the source for reprinting)
To increase capacity, Tata Power and JSW Energy are pursuing the acquisition of a 1,980 MW coal-fired generator unit
in northern India.
Both companies have provided more than Rs 6,000 crore upfront payments and equity to lenders of Prayagraj Power Generation, which now owns 89 per cent of the company
.
According to people familiar with the matter, there was no significant difference
between the offers of Tata Power and JSW Energy.
It is understood that Tata Power offered a 15% stake to Prayagraj's lender, while JSW Energy offered a lesser stake
.
:/, please indicate the source for reprinting)
/
