Adani Power acquires 49 per cent stake in OPGC for $135 million

Adani Power Limited has signed a definitive agreement to acquire a 49 per cent stake in the Odisha Power Generation Corporation (OPGC) from the AES Corporation, a US-based global energy company, for $135 million. Adani Power will acquire a total of 8.9 million equity shares held in OPGC representing 49 per cent of OPGC’s total issued, paid-up and subscribed equity share capital. OPGC operates the 1,740 MW Ib Valley coal-based power plant in Jharsuguda district. The balance 51 per cent stake in OPGC is held by the Odisha government.