GIC to invest S$350m in Indian clean energy projects

According to reports, an affiliate of Singapore’s sovereign wealth fund GIC will invest about £162.8 million (S$350 million) to buy over clean energy assets in India.

This will be done via the proposed acquisition of Greenko Group PLC’s majority interest in Greenko Mauritius, which is the holding company for Greenko’s business in India. Greenko operations in India include wind power, run-of-river hydropower, natural gas and biomass assets.

Mr Stuart Baldwin, global head of Infrastructure at GIC, said in a statement on Monday (Oct 19): “We look forward to working closely with Greenko’s management to develop the company to be the leading owner and operator of clean energy projects in India.”

Source : Panchabuta, 19th October 2015

URL : http://panchabuta.com/2015/10/19/gic-to-invest-s350m-in-indian-clean-energy-projects/

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