Acquisition of 250 MW Neyveli Lignite Power Plant by MEIL
Sector: Geothermal • Location: Neyveli, Tamil Nadu, India
Source: The Indian Witness
Hyderabad-based Megha Engineering & Infrastructures Limited (MEIL) has acquired the 250 MW lignite-fired Taqa Neyveli Power Company in Tamil Nadu for approximately Rs 926 crore from Abu Dhabi National Energy Company. The plant is operational with a long-term power purchase agreement with TANGEDCO, providing reliable baseload power using local lignite reserves. This acquisition marks MEIL's transit
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Description
Description | Hyderabad-based Megha Engineering & Infrastructures Limited (MEIL) has acquired the 250 MW lignite-fired Taqa Neyveli Power Company in Tamil Nadu for approximately Rs 926 crore from Abu Dhabi National Energy Company. The plant is operational with a long-term power purchase agreement with TANGEDCO, providing reliable baseload power using local lignite reserves. This acquisition marks MEIL's transition from EPC contractor to developer, owner, and operator of energy infrastructure. |
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