Tata Power unit inks pact to acquire IRRJL wind project – Feedback

Tata Power’s arm TPREL has signed a pact with Indo Rama Renewables Ltd (IRRL) to acquire its 100 per cent subsidiary IRRJL, which owns a 30 MW wind farm in Sangli District of Maharashtra.

“The transaction shall be consummated within the next few weeks. The wind farm, which is fully operational since July 2013, has executed a long-term power purchase agreement with Maharashtra State Electricity Distribution Ltd and is registered under the Generation Based Incentive scheme of Ministry of New & Renewable Energy,” Tata PowerBSE 0.68 % said in a press release today. It said that with the acquisition of, Indo Rama Renewables Jath Limited, (IRRJL), Tata Power’s total generation capacity will increase to 9130 MW and its operational wind power generation capacity to 570 MW with wind turbines located across 5 states – Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka.

http://economictimes.indiatimes.com/industry/energy/power/tata-power-unit-inks-pact-to-acquire-irrjl-wind-project/articleshow/51325375.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *