18. UAE's TAQA buys stake in India plant

Monday January 14, 2013

ABU DHABI: Abu Dhabi National Energy Co (TAQA) said it has acquired a minority interest in the developer of a 100MW hydroelectric plant in northern India, with plans to fully acquire the firm at a later date.

The purchase is the latest in a string of acquisitions by the firm, which is 75% owned by the Abu Dhabi government.

TAQA said in a statement it had acquired an interest in Himachal Sorang Power Limited through a joint venture with Jyoti Structures Ltd, an Indian power infrastructure company. - Reuters

Source: http://thestar.com.my.feedsportal.com/c/33048/f/534600/s/277c26af/l/0Lbiz0Bthestar0N0Bmy0Cnews0Cstory0Basp0Dfile0F0C20A130C10C140Cbusiness0C125718470Gsec0Fbusiness/story01.htm

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