5/3/2024, 8:31:03 pm

Greenko acquires GI Hydro's Sikkim project for EV of ₹1,000 crore

Greenko, backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority, and Japan's ORIX Corp, has completed the acquisition of the 110-megawatt (MW) Chuzachen hydro-electric project in east Sikkim from GI Hydro. The deal, valued at an enterprise value of ₹1,000 crore, includes an equity value of ₹300 crore, according to two people familiar with the development.