PTC India wind power sale attracts Hero, Macquarie, CLP


PTC India wind power sale attracts Hero, Macquarie, CLP

The Indian arm of CLP Holdings Ltd, Macquarie Infrastructure and Real Assets (MIRA) and Hero Future Energies are among the companies that are interested in acquiring PTC India Ltd’s wind power business that may be valued at around ₹2,000 crore, two people aware of the development said.

KPMG has been hired to manage the sale of PTC Energy’s 290 MW of wind power assets across Madhya Pradesh, Karnataka, and Andhra Pradesh. There has been considerable interest in the asset, given its size, the people said, requesting anonymity.

The Indian renewable energy space is witnessing growing consolidation, amid falling tariffs and the capital intensive nature of the business, particularly in the initial stage, making availability of low-cost funds critical for the success of a project. Read More

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