Khaitan advises Abu Dhabi National Energy on sale of stake in Himachal Sorang Power

Khaitan & Co advised TAQA India Power Ventures Limited on the sale of its stake in Himachal Sorang Power Private Limited by TAQA India Power Ventures Private Limited to Greenko East Coast Power Projects Private Limited, involving a transaction structure acceptable to the project lenders led by IL&FS Financial Service Limited.

TAQA India Power Ventures is a subsidiary of the Abu Dhabi National Energy Company, PJSC, which is the government controlled energy holding company of Abu Dhabi, United Arab Emirates. It is an international energy and water company listed in Abu Dhabi operating in 11 countries across four continents.

The core transaction team was led by Nikhil Narayanan (partner) assisted by Tanvi Kumar (principal associate) and Aishwarya Nagpal (senior associate).