Sembcorp acquires stake in wind asset in Tamil Nadu
Date
August 12, 2016
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Sembcorp Green Infra, a subsidiary of Sembcorp Industries, has acquired a 74% stake in the special purpose vehicle (SPV) Mulanur Renewable Energy Private Limited.
The total acquisition cost is INR1,581 million (US$23.65 million) and is financed by Sembcorp Green Infra’s internal funds.
Mulanur Renewable Energy is a wind farm with an operating capacity of 25.5 MW of wind power. It is located in Dindigul District, Tamil Nadu (India). Its remaining 26% stake is held by Group Captive Consumers.
The acquisition is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2016.
List of country news
Country news
-
-
August 05, 2016
Preferred bidder selected for solid waste management plant in Dehradun
A bidder has been selected for the solid waste management plant at Shishambara in Dehradun, India. The state government has granted permission to the Nagar Nigam, the urban local body of Dehradun, to open the tender which had received a single bid from Ramky Group. Read more -
July 08, 2016
GMR Infrastructure announces stake sale in transmission projects to Adani Transmission
GMR Energy Limited (GEL), a subsidiary of GMR Infrastructure Limited (GIL), has entered into definitive agreements with Adani Transmission Limited (ATL) wherein GEL has agreed to transfer the interest in Maru Transmission Services Limited (MTSL) and Aravali Transmission Services Limited (ATSL) to ATL. Read more -
June 28, 2016
CLP India and Suzlon enter into a Joint Venture for the Veltoor solar project in Telangana
CLP India and Suzlon Group have announced their joint venture for a 100 MW solar project at Veltoor in Telangana, India. Read more -
June 20, 2016
ADIA, GIC invest in India’s Greenko
Abu Dhabi Investment Authority (ADIA) and Government of Singapore Investment Corporation (GIC) have invested in Greenko Energy Holdings. Read more -
June 14, 2016
Tata Power arm signs Share Purchase Agreement (SPA) to acquire Welspun Renewables Energy Private Limited
The Tata Power Company Limited, India’s largest integrated power company, has announced that, Tata Power Renewable Energy Limited (TPREL), a 100% subsidiary of Tata Power, has signed an share purchase agreement (SPA) with Welspun Energy Private Limited (WEPL) to acquire its subsidiary Welspun Renewables Energy Private Limited (WREPL). Read more
