Khaitan & Co advises TIPVPL on agreement relating to two power plants

Khaitan & Co has advised TAQA India Power Ventures Private Ltd (TIPVPL), a wholly owned subsidiary of Abu Dhabi National Energy Company PJSC, in relation to the shareholders’ agreement entered into with Indo-Infra (Canada), India Infrastructure Fund II and the Karcham-Wangtoo Project SPV with regard to the 1,091MW Karcham-Wangtoo hydroelectric power plant and the 300MW Baspa II hydroelectric power plant.

TIPVPL is the lead member of the consortium together Indo-Infra (Canada), a subsidiary of Public Sector Pension Investment Board (Canada), and India Infrastructure Fund II, an IDFC fund.

TIPVPL is a wholly owned subsidiary of TAQA. TAQA is a listed company in Abu Dhabi, active across the entire energy value chain: power generation and water desalination, oil and gas exploration and production and emerging and innovative technologies.

Partner Amitabh Sharma and associate partner Nishant Singh represented the client on the transaction and advised TAQA on the Indian law aspects of the shareholders’ agreement.