Given the uncertainties surrounding India’s clean energy space, Hyderabad-based Greenko Group is planning a $750 million equity investment for buying power transmission and distribution (T&D) assets to diversify.
The firm backed by Singapore’s sovereign wealth fund GIC Holdings Pte. and Abu Dhabi Investment Authority is betting on the acquisition route to become an integrated energy firm, said founder, president and joint managing director Mahesh Kolli in a telephone interview.
The firm is in talks to acquire several electricity transmission, distribution and hydropower projects, added Kolli. Read More…
Latest posts by Livemint (see all)
- Energy Efficiency, Green Concerns Key To India’s Development Goals: R.K. Singh - March 21, 2018
- Sterlite Power Acquires Rs1,500 Crore Goa-Tamnar Project - March 20, 2018
- Engie May Sell Stake In India Solar Operations - March 19, 2018