RSS Feeds Forgot Password | Register
Merger And Acquisitions | October 15, 2013
#39530

Tata to buy AES India wind arm

In an undisclosed value of acquisition, Tata Power is buying AES Saurashtra Windfarms, the local wind business of Virginia-based AES’s Indian arm. The deal would hike Tata’s current capacity by 10 per cent taking it to 437 mw.    The Tata firm bought the 39.2 mw of assets in Gujarat's Dwarka through its wholly-owned subsidiary Tata Power Renewable Energy, thorugh a bidding process conducted by AES. Tata said it would continue looking for possible acquisitions of operating assets in the wind and solar segments.    Through its wholly owned subsidiary AES Saurashtra Windfarms (ASW), AES owns and operates the wind facility. The project consists of 49 wind turbines of Enercon E-53 make with 800 kW rated capacity.

Advertise Here [670 W x 90 H pixels]
Subscribe Project Reporter
  • Sector News

  • Latest News

  • 20 Dec 2014

    NMRC finalises 21 station for Greater Noida metro project

    read more
  • 16 Dec 2014

    Centre approves proposal to ensure quick transfer of land owned by government departments and PSUs for metro rail projects

    read more
  • 05 Dec 2014

    IRB Infrastructure gets provision certificate for Pathankot Amritsar BOT Project

    read more
  • 05 Dec 2014

    MMRDA approves two metro corridor project for Mumbai

    read more
  • 05 Dec 2014

    GOI gives nod to monorail project in Chennai

    read more
  • 18 Nov 2014

    Telangana government plans to take up road development in a big way

    read more
  • 04 Jan 2015

    PM stresses on improving quality of urban governance...

    read more
  • 04 Jan 2015

    Government to build industrial corridors and smart cities...

    read more
  • 04 Jan 2015

    AP to seek Rs 2,000 crore under Swachh Bharat scheme...

    read more
  • 04 Jan 2015

    BHEL gets 1x800 MW Kothagudem power project...

    read more
  • 04 Jan 2015

    BHEL, HSL and Midhani comes together to bid for submarine project...

    read more
  • 04 Jan 2015

    Develop new airports in Arunachal Pradesh: Thangwang Wangham...

    read more
|
Advertise Here [728 W x 90 H pixels]