Greenko, others in talks for Equis’s India hydropower assets
Greenko Group and overseas electric utilities are in separate talks with Equis Pte Ltd to acquire its Indian hydroelectric assets valued at around ,700 crore, two people aware of the development said.Discussions to buy Equis’s Hydreq hyower platform come against the back of sovereign wealth funds Singapore’s GIC Holdings Pte Ltd and Abu Dhabi Investment Authority (ADIA) investing a total of around $2 billion in Greenko Energy Holdings till date. The sale process is being managed by EY, the people said, requesting anonymity.Hyower projects offer a good diversification option for green energy developers in India as it is relatively easier to switch a hyower plant on and off, compared with thermal sources, in line with demand, experts s.....