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Brookfield, KKR eye IL&FS green energy assets; Bharti Airtel may buy Telkom Kenya
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Debt-laden Infrastructure Leasing & Financial Services Ltd (IL&FS) has drawn interest from as many as 15 large investment firms for its renewable energy assets, The Economic Times reported.

Global Infrastructure Partners, KKR, Brookfield, I Squared Capital and Macquarie are among those looking to acquire the energy assets, the report said, without specifying where it got the information from.

The assets have a total generation capacity of more than 1,000 megawatt, the report said, adding that the proposed sale is likely to fetch Rs 6,000-8,000 crore.

IL&FS is looking to sell several assets and businesses as part of efforts to reduce its debt. The company and its subsidiaries have total debt of about Rs 91,000 crore. It plunged into a crisis last year after defaulting on its debt, prompting the government to replace its board.

The company’s renewable energy business includes operational wind power plants with total capacity of 873.5 MW, under-construction projects with a capacity of 104 MW, and solar power plants and projects under development of about 300 MW capacity. 

In another development, India’s Bharti Airtel is in talks to buy Telkom Kenya, Reuters reported, citing three industry officials it didn’t name.

Billionaire Sunil Mittal-led Bharti Airtel is the second-largest telecom operator in the east African nation, the report said, adding that a deal for Telkom Kenya will help it create a stronger challenger to market leader Safaricom.

The report said that London-based Helios Investment is looking to sell part of its 60% stake in Telkom Kenya.

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