Actis buys 49% stake in Shapoorji Pallonji energy unit
OIL & GAS

Actis buys 49% stake in Shapoorji Pallonji energy unit

Actis has announced it is starting a power generation company that will explore gas-fired power projects in Southeast Asia.

Actis announced the purchase of a 49 percent stake in the 220-megawatt (MW) combined cycle gas turbine power plant owned by the Shapoorji Pallonji (SP) company in the Bangladeshi district of Bhola.

By 2028, Bridgin Power will have installed at least 1.2 gigawatts (GW) of gas power capacity, thanks to the Actis Energy 5 equity contribution totaling $400 million. The first step in that approach is the Bhola plant.

“We’re excited to be launching a business spanning Southeast Asia, a region which has increasing power demand and where we can leverage Actis’ proven strategy of aggregating energy assets into a scalable regional platform, which enables a just and equitable energy transition," said Sanjiv Aggarwal, partner, energy infrastructure at Actis.

"The acquisition of the Bhola asset sets us on our path to create an energy platform of scale, using natural gas as a bridge to a sustainable and low carbon future," said Dennis Foo, Group Chief Executive Officer, Bridgin Power.

Actis has announced it is starting a power generation company that will explore gas-fired power projects in Southeast Asia. Actis announced the purchase of a 49 percent stake in the 220-megawatt (MW) combined cycle gas turbine power plant owned by the Shapoorji Pallonji (SP) company in the Bangladeshi district of Bhola. By 2028, Bridgin Power will have installed at least 1.2 gigawatts (GW) of gas power capacity, thanks to the Actis Energy 5 equity contribution totaling $400 million. The first step in that approach is the Bhola plant. “We’re excited to be launching a business spanning Southeast Asia, a region which has increasing power demand and where we can leverage Actis’ proven strategy of aggregating energy assets into a scalable regional platform, which enables a just and equitable energy transition, said Sanjiv Aggarwal, partner, energy infrastructure at Actis. The acquisition of the Bhola asset sets us on our path to create an energy platform of scale, using natural gas as a bridge to a sustainable and low carbon future, said Dennis Foo, Group Chief Executive Officer, Bridgin Power.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?