Greenko Energy to acquire hydro plant from Abu Dhabi National Energy

Greenko Energy Private Limited (GEPL) is in advanced stages of acquiring the 100 MW Sorang hydroelectric project at Kinnaur in Himachal Pradesh from Abu Dhabi National Energy Company, PJSC, for Rs 6.5 billion. This is the second instance where GEPL has acquired distressed renewable assets in India from a global energy utility. In September 2016, the company had also acquired 1.7 GW of wind and solar power assets from SunEdison, Inc., for $315 million (around Rs 21.35 billion).