Tata Power to acquire 540 MW project

Tata Power has signed a Share Purchase Agreement (SPA) for the acquisition of 540 MW coal-based thermal power project near Nagpur in central Maharashtra from Ideal Energy, which will take Tata Power´s total capacity to 8,885 MW in the state. The company intends to use power generated from the plant for its consumers in Maharashtra. The SPA is subject to adjustments and conditions precedent and final consideration will be known in four to six months from SPA signing. Contact: Tata Power Tel: 022-6665 8282. Website: www.tatapower.com