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.
Emmvee unveils India’s first Quarter-Cut Module with 4 Cut TOPCon Cell, delivering up to 30W higher power output
National : Solar cells and modules manufacturer Emmvee today showcased India’s first Quarter Cut Module with Four Cut TOPCon Cell designed to deliver...
