Comments
AMP Capital Asian Fund has acquired stake in Shalivahana Green Energy for $29 million.
The Hyderabad based Shalivahana Green Energy develops, owns and operates a portfolio of power generation assets across the agri-waste, hydro and wind sectors.
The AMP Capital Head of Infrastructure Asia, Mr Anoop Seth, in a statement said Shalivahana Green Energy has a unique portfolio with geographical and fuel diversification.
It has an operating capacity of 80 mega watt (MW) with another 45 MW to be commissioned in the next six months.
“We have a healthy pipeline of projects of about 300 MW, which includes 60 MW of small hydro projects,” Mr Komariah, Managing Director of Shalivahana, told Business Line .
As part of AMP Capital’s investment in SGEL, two members of AMP Capital’s investment team will join the SGEL board.
Existing investors in Shalivahana Green Energy include International Finance Corporation and Infrastructure Leasing and Financial Services Group.
AMP Capital Asian Fund targets growth-oriented infrastructure investments in India and China in sectors such as transportation, energy and utilities.
The $161-million fund holds investments in a gas distribution franchise in China, a road developer in India and a telecommunications infrastructure company in India.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.