Amplus Infrastructure Developers has acquired a wind power generation facility located at Kappatgudda in Gadag district of Karnataka.
The 42.5 MW wind power generation facility is owned by VRL Logistics. VRL was looking to exit its wind power and cement business to strengthen its focus on core business. Amplus Infrastructure’s advisor was HSA Advocates, while Suvarna Capital are the corporate advisors on behalf of VRL Logistics on the transaction.
In 2006, VRL Logistics commenced wind power business by setting up a wind farm of 42.5 MW at Kappatgudda. The project consists of 34 wind turbine generators (WTGs) having individual capacity of 1.25 MW. It also entered into a PPA with Hescom and sells power at Rs 3.40 per unit.