{"id":450076,"date":"2021-11-16T10:21:39","date_gmt":"2021-11-16T04:51:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450076"},"modified":"2021-11-16T13:07:18","modified_gmt":"2021-11-16T07:37:18","slug":"resurgent-to-acquire-100-stake-in-a-northern-transmission-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/resurgent-to-acquire-100-stake-in-a-northern-transmission-project\/","title":{"rendered":"Resurgent to acquire 100% stake in a northern transmission project"},"content":{"rendered":"<p>Resurgent Power Ventures (Resurgent) has been selected as the lender&#8217;s nominee to acquire 100 per cent shareholding in a troubled power transmission project spread across three states of Haryana, Rajasthan and Uttarakhand. Resurgent is a Singapore-based joint venture in which 26 per cent shareholding is held by Tata Power NSE 2.11 % through its wholly-owned Singapore-based subsidiary. The balance 74 per cent of Resurgent Power is held by ICICI Bank, Power Platform Ltd and Kuwait Investment Authority.<\/p>\n<p>The lender of NRSS XXXVI Transmission , PTC India Financial Services (PFS), has issued a Letter of Intent (LOI) selecting Resurgent Power Ventures (Resurgent) as Lender&#8217;s Nominee to acquire 100 per cent shareholding in NRSS XXXVI, Tata Power said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Resurgent Power Ventures (Resurgent) has been selected as the lender&#8217;s nominee to acquire 100 per cent shareholding in a troubled power transmission project spread across three states of Haryana, Rajasthan and Uttarakhand. Resurgent is a Singapore-based joint venture in which 26 per cent shareholding is held by Tata Power NSE 2.11 % through its wholly-owned Singapore-based subsidiary. The balance 74 per cent of Resurgent Power is held by ICICI Bank, Power Platform Ltd and Kuwait Investment Authority. The lender of NRSS XXXVI Transmission , PTC India Financial Services (PFS), has issued a Letter of Intent (LOI) selecting Resurgent Power Ventures [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-450076","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=450076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}