Adani Transmission, a subsidiary of Indian conglomerate Adani Group, has denied reports that Abu Dhabi National Energy Co. PJSC (TAQA) will invest $1.5-2.5 billion in Adani Group firms or in a single entity. The Economic Times had earlier reported that TAQA is evaluating a large exposure in the sprawling power businesses of billionaire Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter.
"In this regard, we wish to clarify that the Company is not engaged in any discussion with…Adani Clears Air On Rumored $2.5 Billion Deal With Abu Dhabi’s TAQA
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