IL&FS Offers to Sell its Stake in a 6.5 MW Wind Project

The Infrastructure Leasing and Financial Services Limited (IL&FS) has invited expression of interest (EoI) to acquire 100% shares of Ramagiri Renewable Energy (6.5 MW wind project) and purchase fixed assets of the IL&FS Energy Development Company Limited (IEDCL).

IL&FS and its group companies jointly hold 95.54% of the total issued, subscribed, and paid-up share capital of IEDCL. Ramagiri Renewable Energy, a 100% subsidiary of IEDCL owns and operates a 6.5 MW wind project with 26 wind turbines having a capacity of 250 kW each at Ramagiri in the Anantapur district of Andhra Pradesh. The wind project has not been operating since April 2019. IEDCL also owns the fixed assets at the project site used for gathering meteorological and solar data.

The fixed assets include – A 100-meter lattice tower installed at the wind project for gathering meteorological data with a 300 mm tower diameter and face width, provided with 5 anemometers, two boom-mounted vanes along with temperature and pressure sensors. There is also solar irradiation measurement equipment installed on the wind mast equipment to measure the solar potential at the site, which includes a pyranometer; along with its leveling plate, an anemometer; and a wind direction vane.

The EoI is for the acquisition of 100% shares in the 6.5 MW wind project and the fixed assets listed above.

Mercom India
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