Indian law firm Trilegal is advising a consortium of investors led by Abu Dhabi National Energy Co., also known as Taqa, on its proposed $1.6 billion purchase of two hydropower plants in India from a subsidiary of Jaypee Group, an Indian conglomerate.
Taqa and the two other consortium members—a subsidiary of Canadian Public Sector Pension Investment Board and a fund managed by India’s Infrastructure Development Finance Co. Ltd. (IFDC)—are acquiring the Baspa Stage II and Karcham Wangtoo plants in the northern state of Himachal Pradesh from Jaiprakash Power Ventures Ltd., the Jaypee Group subsidiary.
