CCI approves acquisition of additional shares in Sikkim Urja Limited by Greenko Energies Private Limited
The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited, according to a release by the commission.
- Country:
- India
The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited, according to a release by the commission. Greenko Energies is a limited liability company incorporated in India. It is an (indirectly) wholly-owned subsidiary of Greenko Mauritius. Greenko Mauritius is wholly owned by Greenko Energy Holdings, a company incorporated in Mauritius, which is the holding company of the Greenko group of companies.
Greenko Energy Holdings is an investment holding company, having its investments in a portfolio of companies engaged in the power generation sector in India. Sikkim Urja is a special purpose vehicle incorporated for the purpose of the implementation of the 1200 Mega Watt (MW) (6 Units of 200 MW each) hydropower project in North Sikkim, India.
The approval from CCI provides the opportunity for Greenko Energies to enhance its stake in Sikkim Urja, thereby potentially strengthening its presence and influence in the renewable energy sector in India. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Bengal lagging behind in tapping renewable energy potential
Rajasthan to see unprecedented growth in variable renewable energy, says expert
Israel promotes switch to renewable energy use in private homes
New report urges Africa to use renewable energy for infrastructure development
World Bank and Turkey signs $1 bln renewable energy program