New Delhi, Delhi
Year of Establishment: 2008
IndiaMART Member Since: 2010
Incorporated by IDFC Private Equity funds, Green Infra Limited (GIL) is a young and dynamic organization with a vision to become the leading clean energy Independent Power Producer (IPP) in the country. With a mandate to invest, develop and operate clean energy assets, we are actively involved across the renewable energy sector in India with a clear focus on following verticals.
At GIL, we have created a lean, efficient and transparent organization, with an intent to provide creative space for the brightest of minds who are passionate about a Greener future.
Aim / Vision / Mission
Our core philosophy is to provide an innovative platform for different stakeholders in the clean energy business to join hands and develop sustainable green energy assets. We believe in the development of both energy generating assets (Mega Watts, MW) and Energy Efficiency Assets (Nega Watts, NW) across the technology spectrum.
Posted on: [06-SEP-10]
Happenings / News / Press Coverage
IDFC Private Equity re-inforces its commitment to investing in cleantech infrastructure by committing Rs. 360 crore (USD 72 million) to Green Infra
September 16, 2009, New Delhi: Green Infra Limited (GIL), an independent power producer (IPP) supported by India’s leading infrastructure-focused private equity investment manager IDFC Private Equity (IDFC PE), today announced the acquisition of BP Energy India Private Limited, a wholly owned subsidiary of BP with a 100 MW portfolio of wind energy assets, for an undisclosed amount, taking its total generating capacity to 124 MW. Post this deal, GIL becomes India’s leading independent power producer in the renewable energy sector.
“We are delighted to celebrate this milestone in Green Infra’s growth,” said Satish Mandhana, Managing Director, IDFC PE. “We have a very positive investment outlook on the power sector, particularly in renewables, and have committed Rs. 360 crore (USD 72 million) to support Green Infra in consolidating its leadership position. Green Infra is well positioned to emerge as the leading aggregator, developer and operator of multiple clean energy, energy efficiency and carbon abatement assets in the coming years.”
With this acquisition, Green Infra will own operating assets worth over Rs. 750 crore (USD 150 million), including 20 MW of assets eligible for the generation-based incentive announced by the Government of India, and a development pipeline of over 300 MW. It intends to grow organically as well as inorganically through the acquisition of high quality performing assets and businesses.
“IDFC PE is today the largest cleantech infrastructure investor in India with over Rs. 1,000 crore (USD 200 million) either invested in, or already committed, to this sector” added Raja Parthasarathy, Managing Director, IDFC PE. “We have an entire eco-system around Green Infra, including strategic relationships with companies such as Emergent Ventures India, the country’s leading carbon and clean technology advisor, and WindForce Management Services, a leading wind resource assessment and development advisory company.”
Debt financing for the BPEIPL transaction, which are located in Maharashtra and Karnataka, was provided by IDFC and Axis Bank, and IREDA supported the financing for the 24 MW Tamil Nadu windfarm which uses Suzlon’s latest turbines.
“Green Infra is fortunate to have several growth drivers behind it, including a global focus on energy security, improving economics through new technologies, favourable policy initiatives of the Indian government and higher awareness of climate change issues,” said Sunil Jain, Chief Operating Officer, Green Infra. “We intend to straddle all the key renewable energy sectors such as wind, small hydro, biomass, energy efficiency and solar but will only deploy commercially proven and viable technologies. We also welcome proposals from project owners keen to monetize or create liquidity for themselves by partnering with India’s leading independent renewable energy power producer.”
In addition to Green Infra, IDFC PE’s other cleantech investments include Moser Baer Photo Voltaic (India’s leading manufacturer of solar cells and modules), SE Forge (a subsidiary of Suzlon which manufactures wind energy components), Emergent Ventures India and Doshion (a leading water and waste water management company in India, which recently announced a joint venture with Veolia Water Solutions). IDFC PE has also invested in natural gas pipeline transmission and distribution companies such as Gujarat State Petronet, Krishna Godavari Gas Network, Central UP Gas and Maharashtra Natural Gas.
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