The cash-strapped IL&FS, India’s largest infrastructure lender, announced on 28 November that it had initiated the process of seeking bids for its renewable energy asset portfolio.
The renewable energy assets up for sale include a number of operational and soon-to-be operational wind power plants across India with a total capacity of nearly 1,000 MW, the asset management and project development businesses for these wind power plants, and the project management business for solar power plants with a capacity of 300 MW.
While the net worth of these assets wasn’t specified, media reports said earlier this month that GAIL India, a government-owned gas utility firm, would consider buying the wind energy assets at a considerable discount. Read More
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