Jaypee set to sell two hydro power units to TAQA, Canadian pension fund...

  The debt-laden Jaypee Group is close to selling two of its three operating hydroelectric projects to a consortium led by Abu Dhabi National Energy Co. PJSC, known as TAQA, and including a Canadian pension fund for at least $1.5 billion, according to two people close to development. TAQA will buy a 51% stake in the projects, with...

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Dubai-based group secures Rs. 1,600-crore funding for Tamil Nadu power plant...

  Dubai-based Coal & Oil Group has received Rs. 1,600 crore in additional funding for its 1,200-MW project in Tuticorin, Tamil Nadu. "Coal & Oil Group has announced that it has secured additional funding of approximately Rs. 1,600 crore to complete its 1,200 MW Independent Power Plant (IPP), presently under construction in...

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