Apraava Energy on Monday said it has acquired a 49 per cent equity stake in Kohima-Mariani Transmission Ltd from Kalpataru Power Transmission Ltd and Techno Electric and Engineering Company Ltd, for an undisclosed amount. “Apraava Energy, a leading investor in the Indian power sector, today (on Monday) announced that it has acquired a 49 per cent shareholding in Kohima Mariani Transmission Ltd (KMTL) after receiving requisite regulatory approvals,” the company said in a statement.
KMTL is the owner of an interstate transmission project in northeastern India, comprising assets including 400-kilovolt (kV) transmission lines and a 400-kV gas-insulated substation, under a special purpose vehicle (SPV) structure.
