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Lanco Infra to sell hydro power projects

Tuesday, 04 Feb 2014
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Lanco Infra is planning to sell its three hydro power projects located in Himachal Pradesh.

 

The company has inked an agreement with Tejassarnika Hydro Energies to divest 100 per cent stake in 70 MW Lanco Budhil Hydro Power Project. Tejassarnika is a subsidiary of Hyderabad-based Greenko Energies. Lanco Infra also entered into a preliminary pact with Greenko to sell two smaller hydel projects in the state. Financial details were not disclosed.

 

Lanco Infra has also signed an MoU with Greenko to sell two smaller hydel projects in the state. There were no financial details given. These two power projects, each with five MW capacity, are located in the Kangra district of Himachal Pradesh.

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