India Power Corp. Ltd. (IPCL) entered into an agreement with ENGIE on 25th February, 2016 to acquire shares of Meenakshi Energy Private Limited (MEPL), which has a coal-based thermal power plant in Nellore, Andhra Pradesh. The plant has an installed capacity of 300 MW, with an additional 700 MW capacity currently under construction. In addition, IPCL finished construction of the critical 220 kV DC transmission line from Mangalpur to JK Nagar substation in the Asansol-Ranigunj area, where the company has a power distribution licence. The system augmented IPCL´s receiving capacity by about 250 MVA and also connected IPCL´s network to the national grid.
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