CDPQ to acquire further 10% stake in Apraava Energy from CLP Group

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CDPQ has announced an agreement to acquire 10% stake in Apraava Energy from CLP Group. Following the transaction closure, CDPQ will have 50% stake in Apraava Energy. The total value of the transaction is INR6.6 billion (US$82.95 million).

Apraava Energy is a diversified power company headquartered in Mumbai, India. Founded in 2002, Apraava Energy has a diverse portfolio comprising 3,150 MW of installed capacity including 924 MW of wind and 250 MW of solar energy projects across seven states, as well as two power transmission assets.

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