New Delhi: Adani Power has signed a binding share purchase agreement with Avantha Power and Infrastructure to acquire 100 per cent of its Korba West Power Company valued at Rs 4,200 crore.
Korba West Power Company Ltd (KWPCL) is a special purpose vehicle (SPV), valued at Rs 4,200 crore, which has commissioned a coal-based thermal 600 MW power plant, Avantha Power and Infrastructure said in a statement. With this buy, the installed base of Adani Power will increase to 11,040 MW.
