Actis to acquire 685 MW Indian solar projects from Essel
Actis LLP has reached an agreement to its acquisition of the solar power portfolio of Indian company Essel Infraprojects Ltd, which includes 685 MW of installed capacity. It will be acquired for INR5500 million (US$76.4 million).
The portfolio is composed of 23 projects, under various stages of development, with nearly 310 MW of operational solar power facilities and another 375 MW capacity under construction.
The assets have power purchase agreements (PPAs) with tariffs as high as INR8 per kWh , while the average amounts to INR 5.50/kWh.
Country updates
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November 27, 2018
Senvion signs supply and EPC services for 300 MW wind project in India
Senvion has signed a conditional 300 MW contract with alfanar on the supply and installation of 131 Senvion 2.3M130 turbines for the Bhuj Wind Project. The wind project in Gujarat is part of the Round...
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November 26, 2018
Himachal Pradesh Government allots Satluj Jal Vidyut Nigam with hydroelectric project
The Himachal Pradesh Government in India has alloted Satluj Jal Vidyut Nigam (SJVN) Limited to develop the 780 MW Jangi-Thopan-Powari hydroelectric project. The plant is located in Kinnaur,...
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November 19, 2018
Mahagenco launches RFEOI for the project
Mahagenco intends to invite Expression of Interest from the prospective bidders/developers for setting up of solar power plant at Ash bund lagoon 1 & 2 (abundant) at CSTPS. The barren ash bund can...
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November 05, 2018
Azure Power commissions 95 MW solar project in Gujarat
Azure Power, one of India’s leading independent solar power producers, has announced the early commissioning of a 95 MW solar power plant in Gujarat, a state in western India. The plant wa...
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November 02, 2018
Japanese ODA loan signed for the construction of a pumped storage project in India
Japan International Cooperation Agency signed a loan agreement with the Government of India in Delhi to provide a Japanese ODA loan of up to 29.442 billion yen (US$269 million) for the Project for the...
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