BP Continues to Focus Wind Business on USA, Divests Indian Wind Assets

摘要

As BP continues to focus its wind business on its major development portfolio in the US, it today announced the sale of its wind power interests in India. Green Infra Limited has purchased BP's subsidiary, BP Energy India Private Limited (BPEIPL), which owns and operates three wind farms in India with a total generating capacity of approximately 100 megawatts (MW), for a total cash-free, debt-free enterprise value of 4.622 billion Rupees (approximately $95 million), comprising a cash consideration received by BP of 1.779 billion Rupees (approx. $37 million) and net debt assumed by the purchaser of 2.843 billion rupees (approx. $58 million). The transaction has completed today. Green Infra Limited is an independent power producer owned by funds managed by India's leading infrastructure-focussed private equity company, IDFC Private Equity.