Greenko Group looking to invest $750M in power T&D assets
India, New Delhi: To overcome the uncertainties surrounding India’s renewable energy industry, Hyderabad-based Greenko Group is planning a $750 million equity investment for the purchase of power transmission and distribution (T&D) assets in order to diversify, reports Live Mint.
According to Greenko founder, president and joint managing director Mahesh Kolli, the company wants to become an integrated energy firm.
The company is negotiating an acquisition of several electricity transmission, distribution and hydropower projects, added Kolli.
Source: Live Mint