Greenko participate in Sikkim hydro project
The Competition Commission of India (CCI) has approved the acquisition by Greenko Mauritius (Acquirer/Greenko) in Teesta Urja Limited (TUL), under Section 31(1) of the Competition Act, 2002.
The proposed combination relates to the acquisition by Greenko of approximately 35% equity stake in the paid-up equity share capital of TUL (Proposed Combination), said CCI on 11 Mar 2020.
Acquirer is a wholly-owned subsidiary of Greenko Energy Holdings, incorporated in Mauritius. It is an investment holding company, having its investments in a portfolio of companies engaged in the power generation sector in India.
TUL is a special purpose vehicle incorporated for the purpose of implementation of 1,200 MW (6 units of 200 MW each) hydro power project in North Sikkim. fiinews.com
