Abu Dhabi's TAQA to acquire two hydropower assets from Jaypee Group for Rs 12,000-13,000 crore

MUMBAI: Abu Dhabi's flagship energy and utilities company TAQA (energy in Arabic) is set to acquire two hydropower projects in Himachal Pradesh from Delhi-based Jaypee Group at an enterprise valuation of Rs 12,000-13,000 crore ($1.9-2.07 billion) signaling growing appetite among foreign investors for infrastructure assets. TAQA is forming a consortium of financial sponsors to conclude this transaction, said multiple sources involved in the process. http://articles.economictimes.indiatimes.com/2014-02-03/news/46963146_1_idfc-alternatives-jaypee-group-taqa