The Competition Commission of India (CCI) has approved the proposed acquisition of Coastal Energen Private Limited (CEPL) by Dickey Alternative Investment Trust (DAIT) and Adani Power Limited. CEPL specializes in power generation and sales using coal, operating an imported coal-based thermal power plant in Tuticorin, Tamil Nadu. The company is currently undergoing corporate insolvency resolution. The acquisition involves the transfer of 100% shareholding in CEPL to DAIT and Adani Power. The approval from CCI signifies a significant step in the consolidation of the energy sector, potentially impacting power generation dynamics in the region. The combination of DAIT and Adani Power’s resources with CEPL’s operational expertise is expected to enhance operational efficiencies and contribute to the growth of the power generation industry in India.
MSEDCL and PTSL Sign PPA for 2,500 MW Round-the-Clock Power Supply
Powerpulse Trading Solutions Limited (PTSL), a wholly owned subsidiary of Adani Energy Solutions Limited, has entered into a power purchase...
