CDPQ to acquire further 10% stake in Apraava Energy from CLP Group
CDPQ has announced an agreement to acquire 10% stake in Apraava Energy from CLP Group. Following the transaction closure, CDPQ will have 50% stake in Apraava Energy. The total value of the transaction is INR6.6 billion (US$82.95 million).
Apraava Energy is a diversified power company headquartered in Mumbai, India. Founded in 2002, Apraava Energy has a diverse portfolio comprising 3,150 MW of installed capacity including 924 MW of wind and 250 MW of solar energy projects across seven states, as well as two power transmission assets.
Country updates
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July 04, 2022
NH-17 Goa/Karnataka Border - Kundapur Project Reaches 92.42% Completion Mark
The Indian Road Transport and Highways Ministry has informed that presently 173 Km, 92.42 % of the total work is completed for the 4-Laning of Goa/Karnataka Border to Kundapur section of NH-...
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June 23, 2022
EPC contract awarded for Ganga Expressway PPP project in Uttar Pradesh
HG Infra Engineering has won a contract for the development of a 151.7 km six-lane section in the Ganga Expressway PPP project in Uttar Pradesh, India. HG Infra Engineering will be responsible f...
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June 16, 2022
Proposal approved for Dholera International Airport PPP project
The Cabinet Committee on Economic Affairs (CCEA) of India has approved a proposal for Dholera International Airport located in Gujarat, India. The airport will be located approximately 80 km from Ahm...
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June 09, 2022
ACME and Karnataka Government signed MOU for 1.2 mtpa Green Hydrogen and Ammonia plant
ACME Group and the Government of Karnataka have signed a Memorandum of Understanding (MOU) to invest about INR520 billion (US$6.68 billion) to set up a Green Hydrogen & Green Ammonia project in In...
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June 08, 2022
Adani Transmission to acquire Mahan Sipat transmission project from Essar
Adani Transmission Ltd. has signed definitive agreements with Essar Power Ltd. for the acquisition of a 673 CKM operational inter-state transmission project in India owned and operated by Essar Power...
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