This includes an equity value of $30 million and around $280 million of debt, as per two executives involved directly in the ongoing negotiations. They spoke on the condition of anonymity as the talks are in private domain.A pipeline of another 800 MW will also get transferred to Greenko for no extra cost. "Both sides have come to an in-principle agreement and are looking at a formal announcement latest by this month end. It had mandated investment bank Rothschild to help sell its Indian portfolio, which was once considered its crown jewel. "These are grid parity PPAs and that would make sense for a cautious player like Greenko that strive for 18 per cent IRR in its projects.

Source: Economic Times September 19, 2016 02:03 UTC