Kiran Energy has built a portfolio of around 83 MW from its solar power plants. Ltd, which has offered to sell solar power at a record-low tariff, has evinced interest in acquiring Kiran Energy Solar Power Pvt. Amplus, backed by US private equity (PE) firm I Squared Capital, is interested in the acquisition given the high electricity tariffs awarded in some of the power purchase agreements (PPAs) signed by Kiran Energy. “I Squared Capital through Amplus is interested in acquiring Kiran Energy,” a person aware of the development said, requesting anonymity. Amplus, in June last year, acquired US solar power developer SunEdison Inc.’s roof-top solar power assets in India.

Source: Mint January 17, 2017 18:35 UTC