CleanTech/ Renewable Energy, Finance, Other, solar, Wind

GIC to invest £100m in Greenko Mauritius

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.”



No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Panchabuta's Trending Tweets

Panchabuta’s Twitter

Web Analytics Clicky
stats for wordpress
%d bloggers like this: