New Delhi: The Competition Commission of India (CCI) on Thursday approved Adani Power’s proposed acquisition of DB Power and Diligent Power. Adani Power is acquiring 100% stake in DB Power and its holding company, Diligent Power, the CCI said in a press release.
Adani Power has eight operational plants in India with an electricity generation capacity of 13,650 megawatts. It is primarily into thermal power generation, but has a 40-megawatt solar power project in Gujarat.
