{"id":501752,"date":"2022-06-30T09:28:50","date_gmt":"2022-06-30T03:58:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=501752"},"modified":"2022-06-30T09:47:38","modified_gmt":"2022-06-30T04:17:38","slug":"actis-launches-power-biz-after-buying-49-stake-in-shapoorji-pallonji-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/actis-launches-power-biz-after-buying-49-stake-in-shapoorji-pallonji-unit\/","title":{"rendered":"Actis launches power biz after buying 49% stake in Shapoorji Pallonji unit"},"content":{"rendered":"<p>Actis is launching a power generation business that will pursue gas-fired power projects in Southeast Asia, said the investor in sustainable infrastructure on Wednesday.<\/p>\n<p>Actis announced Bridgin Power following its acquisition of a 49 per cent stake in the Shapoorji Pallonji (SP) group\u2019s 220-megawatt (MW) combined cycle gas turbine power plant in the Bhola region of Bangladesh.<\/p>\n<p>The SP group put the plant on sale in 2020 as part of a group debt-reduction exercise.<\/p>\n<p>Bridgin Power will tap into a total commitment of $400 million of equity from the Actis Energy 5 Fund to set up at least 1.2 gigawatts (GW) of gas power capacity by 2028, it said. The Bhola plant is the first step in that direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Actis is launching a power generation business that will pursue gas-fired power projects in Southeast Asia, said the investor in sustainable infrastructure on Wednesday. Actis announced Bridgin Power following its acquisition of a 49 per cent stake in the Shapoorji Pallonji (SP) group\u2019s 220-megawatt (MW) combined cycle gas turbine power plant in the Bhola region of Bangladesh. The SP group put the plant on sale in 2020 as part of a group debt-reduction exercise. Bridgin Power will tap into a total commitment of $400 million of equity from the Actis Energy 5 Fund to set up at least 1.2 gigawatts [&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":[135,130,232],"tags":[],"class_list":["post-501752","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501752","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=501752"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501752\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}