IL&FS Puts Rs.8000 Cr Renewable Energy Assets On The Block
Before the new government-appointed board took charge, IL&FS had put its wind assets on the block. The company had moved ahead on a proposal to merge Orient Green Power’s wind power business with IL&FS Wind Energy. However, this proposal fell through, resulting in the mandate for an outright sale. The assets for which expressions of interest (EoIs) have been sought from investors include operating wind power-generating plants with aggregate capacity of 874MW, as well as under-construction wind power-generating plants with aggregate capacity of 104MW. There is also a separate business relating to project development and implementation of solar power-generating plants and projects under development of approximately 300MW capacity. Additionally, the renewable energy division includes asset-management services for the operating wind power-generating plants as well as the business division conducting project development and implementation of wind power-generating plants.
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