Tata Power Arm Signs Share Purchase Agreement (SPA) to Acquire Welspun Renewables
Mumbai, India - The Tata Power Company Limited ("Tata Power"), India
TPREL currently operates 294 MW of Renewable power capacity and 500 MW of Renewable assets are being carved out of Tata Power into TPREL through a court process. In addition, almost 400 MW of Solar and Wind power projects are under implementation. Thus, TPREL with all these assets, would have renewable assets portfolio of about 2,300 MW making it the largest Renewable Power Company in India.
Source: IWR Online, 22 Jun 2016