Quick Summary
The Competition Commission of India (CCI) approves acquisition of shares of Odisha Power Generation Corporation Ltd (OPGC) by Odisha Hydro Power Corporation Limited (OHPC) under Section 31(1) of the Competition Act, 2002. OHPC is a PSU wholly-owned and controlled by the Government of Odisha. It is engaged in the business of generation of power from renewable sources namely, hydroelectric and solar power. OPGC is a state-owned joint venture enterprise with Government of Odisha holding 51% s
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FAQ :
The CCI has approved the acquisition of 49% equity shares in Odisha Power Generation Corporation Ltd (OPGC) by Odisha Hydro Power Corporation Limited (OHPC).
Odisha Hydro Power Corporation Limited (OHPC) is acquiring the shares.
OHPC is engaged in the generation of power from renewable sources, specifically hydroelectric and solar power.
OPGC is engaged in the generation of power from coal-based thermal power plants and mini hydro power projects.
The 49% shares are currently held by AES Corporation, U.S.A. through AES OPGC Holding and AES India Private Limited.
The Government of Odisha holds 51% shareholding in OPGC, with the remaining 49% held by AES Corporation.
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