JSW Energy, Torrent, Sembcorp join race for Vector Green assets

JSW Energy Limited, Torrent Power Limited, Apraava Energy (forme­rly CLP India Private Limited) and Sembcorp Industries have joined the race for acqui­ring 700 MW of wind and solar energy assets under Vector Green Energy Private Limited. The assets will be valued at Rs 45 billion-Rs 50 billion ($700 million). Vector Green Energy is wholly owned by funds managed by Global Infrastructure Partners India. Standard Chartered Bank is advising GIP to sell off the assets.