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Apraava Energy Acquires SPV for Maharashtra Transmission Project
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News18•29-09-2026, 18:30
Apraava Energy Acquires SPV for Maharashtra Transmission Project
- •Apraava Energy has acquired Raigad Power Transmission, a special purpose vehicle (SPV), to develop an intrastate transmission project.
- •The project will span across Pune and Raigad districts in Maharashtra.
- •This acquisition marks Apraava Energy's first transmission asset in Maharashtra.
- •The SPV was acquired through a Tariff-Based Competitive Bidding (TBCB) process.
- •Apraava Energy is jointly owned by the CLP Group and La Caisse (formerly CDPQ).
Key Questions Answered
Apraava Energy acquired the special purpose vehicle Raigad Power Transmission to develop an intrastate transmission project across the Pune and Raigad districts of Maharashtra. This marks the company's first transmission asset in the state.
Apraava Energy acquired the Raigad Power Transmission special purpose vehicle through a Tariff-Based Competitive Bidding process.
Apraava Energy is jointly owned by the CLP Group, which is one of Asia's largest investor-owned power businesses, and the global investment group La Caisse.
