Tata Power International, the wholly owned subsidiary of Tata Power, and ICICI Venture has launched a platform to facilitate investment in power projects.
The platform has investment commitments from Canadian pension fund Caisse de depot et placement du Quebec (CDPQ), Kuwait Investment Authority, and Oman’s State General Reserve Fund.
The platform will raise an initial capital of $850 million from sponsors and partner investors either directly or through their affiliates. The platform will target acquisition of controlling stakes in powergenerating companies.
Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 9184 MW and a presence in all the segments of the power sector.
