Hyderabad based renewable energy-company Greenko agreed to sell its India assets to Singapore based sovereign wealth fund company GIC for about 1,600 crore Rupees. Greenko has signed a non binding deal with the (GIC) for the sale of the company’s trading activities, assets and its shares in Greenko Mauritius which is also comprise ownership and operation of clean energy projects in India.
About Greenko:
Greenko is Hyderabad based market leading owner and operator of clean energy projects which includes wind,natural gas and biomass in India.Company is listed on (AIM) of London Stock Exchange. Its installed energy generation capacity is 904 MW .
About (GIC):The Government of Singapore Investment Corporation (GIC) is established by the Govt. of Singapore in 1981. It manages Singapore’s foreign reserves and enhances the international purchasing, power of the reserves. It invests internationally in equities, money market instruments, fixed income, real estate and special investments which is also acknowledged by the highest corporate credit ratings by both Standard and Poor’s and Moody’s, of AAA and Aaa respectively.
Energy Company Greenko has agree to sell India’s assets to GIC of Singapore
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