Real Estate

PE firm to invest Rs 84 cr in Trishe Developers

Our Bureau Chennai | Updated on July 18, 2012 Published on July 18, 2012

Private equity firm New Enterprise Associates is all set to invest Rs 84 crore in the Chennai-headquartered Trishe Developers.

Trishe Developers is a renewable energy infrastructure company with a focus on wind power infrastructure. According to a press release from the company, Trishe’s services encompass the whole gamut of wind-power infrastructure development including wind resource assessment, acquisition of land, connectivity approvals and permission for building substations, to plant erection and commissioning. Trishe's first major client was Gamesa Wind Turbines, the Indian arm of the Spanish major Gamesa Corp, the world’s third largest wind turbine manufacturer. Trishe has so far commissioned 200 MW of wind farms for Gamesa and is in the process of developing an additional 200MW. Trishe is also working with Vestas, and Indian Energy Ltd, which plans to develop 1,000 MW of wind projects along with Trishe. It has agreements in place for 1,750 MW of wind power and discussions are on with several other corporates including several offshore business houses with interests in India, says the release, quoting its Managing Director Mr Ramkhumar Narasimhan. New Enterprise Associates is a California-based private equity player with $11 billion in committed capital.

Published on July 18, 2012
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