Bid & Tender
Tata Power, ICICI Venture Launch Power Platform with Global Investors

Date : Sep 14, 2016

According to the source, Tata Power International, the wholly-owned subsidiary of Tata Power and ICICI Venture has announced the launch of a platform to facilitate investment in power projects.

 

The platform has investment commitments from Canadian pension fund Caisse de dépôtet placement du Québec (CDPQ), Kuwait Investment Authority, and Oman’s State General Reserve Fund.

 

The platform will raise an initial capital of USD 850 million from sponsors and partner investors either directly or through their affiliates. The platform will target acquisition of controlling stakes in power¬ generating companies.