Tata Power, the Tata group’s power utility has acquired AES Saurashtra Windfarms from the US-based AES Corporation at an estmated value of Rs. 150 crore ($24 million), reports ET..Trilegal advised Tata Power with a team led by Partner Charandeep Kaur along with Senior Associates Ramakant Rai and Anuja Tiwari and Associates Moksha Bhat and Megha Kaladharan.Desai & Diwanji advised AES with a team led by Partners Vaibhav Shukla, Madhavan Srivastsan and Joebin Devassy along with Senior Associate Nikhil Sachdeva and Associates Amanjot Malhi and C V Srikant..The deal would hike Tata’s current capacity by 10% taking it to 437 MW..The acquisition comes at a time when Tata Power has decided to put on hold its expansion plans in India’s thermal power sector, given the multiple problems faced by the beleaguered sector, according to ET.
Tata Power, the Tata group’s power utility has acquired AES Saurashtra Windfarms from the US-based AES Corporation at an estmated value of Rs. 150 crore ($24 million), reports ET..Trilegal advised Tata Power with a team led by Partner Charandeep Kaur along with Senior Associates Ramakant Rai and Anuja Tiwari and Associates Moksha Bhat and Megha Kaladharan.Desai & Diwanji advised AES with a team led by Partners Vaibhav Shukla, Madhavan Srivastsan and Joebin Devassy along with Senior Associate Nikhil Sachdeva and Associates Amanjot Malhi and C V Srikant..The deal would hike Tata’s current capacity by 10% taking it to 437 MW..The acquisition comes at a time when Tata Power has decided to put on hold its expansion plans in India’s thermal power sector, given the multiple problems faced by the beleaguered sector, according to ET.