Greenko Plans $750 Million Equity Investment For Diversification Drive

Greenko Plans $750 Million Equity Investment For Diversification Drive

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…

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