Greenko Group acquires rights for 4 hydro projects in India

摘要

Greenko Group plc - an clean energy projects operator, said that it has acquired rights for four hydro projects in Karnataka and will invest 36 million euro for their development. Greenko has signed a legally binding contract to acquire four new concessions, the Sonna 10.5 Mw, Kallur 16 Mw Joladadagi 16 Mw and the Dinnekere 2 Mw hydro scheme in Karnataka. The 44.5 Mw of new concessions would be developed through a capital expenditure of around 36 million euro with a targeted debt equity ratio of 75:25, Greenko added. "By these acquisitions we can substantially reduce development time and capture the current premium price levels through sales to power trading companies and direct sales to industrial end users," Greenko CEO and co-founder Anil Chalamalasetty said.