An affiliate of the Government of Singapore Investment Corporation Pte Ltd – one of the world’s leading sovereign wealth funds – is set to make a £100m investment in Greenko Mauritius Ltd.
The funds will accelerate construction of Greenko’s substantial power portfolio and take advantage of the currently attractive power opportunities in India, through the deployment of utility scale wind farms and Himalayan run-of-river hydro projects.
Greenko chief executive Anil Chalamalasetty said: “We are delighted to have attracted this significant investment from GIC that will help take us beyond our 2015 operating capacity target of 1,000 MW and sets us up for our new target of approximately 2,000 MW in 2018.
“This shows great confidence in Greenko’s business model and its opportunity in the Indian power market. GIC’s infrastructure investment capability will be a great addition to the platform.”