TPREL inks SPA to ac­quire Wel­spun Re­new­ables En­ergy Pvt Ltd

Power Watch India - - DESPATCHES NATIONAL -

Tata Power an­nounced that Tata Power Re­new­able En­ergy Ltd (TPREL), a 100% sub­sidiary of Tata Power, has signed a share pur­chase agree­ment (SPA) with Wel­spun En­ergy Pvt Ltd (WEPL) to ac­quire its sub­sidiary Wel­spun Re­new­ables En­ergy Pvt Ltd (WREPL). This rep­re­sents the largest trans­ac­tion in the re­new­ables space in In­dia. Anil Sar­dana, CEO and MD, Tata Power, said, “The ac­qui­si­tion is also a sig­nif­i­cant step towards at­tain­ing the com­pany’s ob­jec­tive of hav­ing non-fos­sil fuel based ca­pac­ity up to 30-40% of its to­tal gen­er­at­ing ca­pac­ity.”

Tata Power com­mem­o­rates cen­te­nary with postage stamp

Tata Power re­cently cul­mi­nated its cen­ten­nial cel­e­bra­tions by re­leas­ing its of­fi­cial postage stamp that has been cre­ated as a me­mento to the com­pany’s 100 years con­tri­bu­tion to In­dia’s growth story. In an­other de­vel­op­ment, TPREL has won a 30 MW so­lar grid con­nected pho­to­voltaic project in Ma­ha­rash­tra.

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