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IL&FS floats EoI for selling 100 percent stake in wind farm project

Wednesday, 28 Jul 2021
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Infrastructure Leasing and Financial Services (IL&FS) has invited expression of interest (EoI) from eligible investors for its 100 percent stake in Ramagiri Renewable Energy (RREL) and purchase of fixed assets of IL&FS Energy Development Company (IEDCL).

IL&FS and its group companies collectively hold 95.54 percent of the total issued, subscribed and paid-up share capital of IEDCL. RREL is a 100 percent subsidiary of IEDCL.

RREL owns 6.5 MW wind farm project with 26 wind turbines having a capacity of 250 kW each at Ramagiri, district Anantapur, Andhra Pradesh.

IEDCL also owns a wind mast, situated at the wind farm site of RREL, and a solar irradiation measurement equipment mounted on the wind mast (together Fixed Assets) that are used for gathering meteorological and solar data respectively.

Expressions of Interest (EOI) are invited from eligible applicants for acquisition of the total issued, subscribed and paid-up shares of RREL and purchase of the Fixed Assets.
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