Actis buys 49% stake in Shapoorji Pallonji energy unit

01 Jul 2022 CW Team

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.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..