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FINANCIAL NEWS
UAE’s TAQA signs USD1.6 b contract to buy power plants
02 Mar 2014
(MENAFN) A consortium led by Abu Dhabi National Energy Co (TAQA) has signed a USD1.6 billion worth deal to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures, according to Arabian Business.
The group plans to invest USD616 million in the plants, and take over their non-recourse project debt, totaling USD1.6 billion in enterprise value.
UAE-India Bilateral Investment Promotion and Protection Agreement have already signed an agreement in December 2013 and a commitment made by the UAE to invest USD544 million in India”s infrastructure sector.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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