The transaction includes a 50% holding in the Jorf Lasfar Energy Project, a 1,356-MW coal-fired power plant about 130 km southwest of Casablanca, Morocco and a 50% stake in the Neyveli Project a 250 MW lignite-fuelled power station in the Indian state of Tamil Nadu.
The assets are part of ABB’s Equity Ventures unit, which is among the company’s non-core activities and therefore subject to the current divestment programme.
