Megha Engineering & Infrastructures Limited has acquired 100% shares of TAQA Neyveli Power Company Limited, which owns and operates a 250 MW lignite fired thermal power project in Tamil Nadu, from The Abu Dhabi National Energy Company, PJSC (TAQA) and its affiliates.
Cyril Amarchand Mangaldas advised Megha Engineering & Infrastructures and its subsidiary MEIL Energy Private Limited on this acquisition.
The transaction team was led by Ramanuj Kumar (Partner, Co-Head - Projects (Energy & Energy Transition)), and Aiswarja Mohanty (Partner), with assistance from Rashika Bhardwaj (Associate).
SR Patnaik (Partner, Head - Taxation), with assistance from Thangadurai V.P. (Principal Associate) advised on tax related aspects of the transactions.
Trilegal advised Abu Dhabi National Energy Company on this transaction.
The transaction team was led by Vaibhav Kothari (Partner) and Tanya Nanda (Partner), with support from Senior Associates Arushi Chandak, Mayank Jain, Kopal Raje, and Shebani Bhargava; and Associates Amartya Srivastava and Parinishtha Ganz.
Neeraj Menon (Partner) and Niharika Puri (Partner), with support from Senior Associate Shikhar Venkatesh; and Associate Ashu Bhargav advised on Projects law aspects.
Samsuddha Majumder (Partner), with support from Counsels Yash Vermani and Kartikey Kulshrestha; Senior Associate: Utkarsh Mittal; and Associates Advetita, Ishita Sharma, and Kshitiz Saxena advised on Tax law aspects.
Gautam Chawla (Partner), with support from Counsel Ankush Walia; and Associate Umang Chaturvedi advised on Competition law aspects.
Tine Abraham (Partner), with support from Senior Associate Jojongandha Ray advised on Disputes law aspects.
Kanishka Maggon (Partner) advised on Employment law aspects.
Rahul Arora (Partner), with support from Counsel Abhinav Mishra; and Associate Saraswati Chandrashekhar Rawandale advised on Real Estate law aspects.
Jyotsna Jayaram (Partner), with support from Associate Padmavathi Prasad advised on TMT law aspects.
Norton Rose Fulbright acted as international counsel for TAQA on this transaction.
The transaction team was led by corporate partner Bayo Odubeko, with support from Christopher Baird (Counsel) and Gillian Jaravaza (Senior Associate); Claire Irwin (Partner) and Becky Puzey (Associate) (Disputes); and Head of Energy EMEA Charles Whitney, Chris Down (Partner) and Shaheer Momeni (Senior Associate) (Projects).
TAQA, one of the largest listed integrated utility companies in Europe, the Middle East and Africa, has undertaken this transaction as it is shifting its focus towards low-carbon, flexible gas-fired power generation and renewable energy investments.
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