| Log in

GIC may invest more in renewable energy company Greenko

05 April, 2018

Singapore’s GIC could pump more money into Indian renewable energy firm Greenko Energy Holdings, which could help it double or triple its power capacity over the next 3-5 years, a senior GIC official said on Thursday.

“We’re on the verge of committing to another round of injection,” Chief Investment Officer for Infrastructure, GIC, Eng Seng Ang said at a conference.

Greenko operates wind, solar, hydropower, natural gas and biomass power plants with a total capacity of 3.2 gigawatts, according to the company website.

While GIC has been approached by investors who are keen to buy a stake in Greenko, Ang said “we are not in a hurry to sell equity in the company at the moment”.

GIC also invested in geothermal power in Japan and renewables in the Philippines, he said.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Greenko Energy to raise $230 mn from GIC, ADIA

Greenko Energy to raise $230 mn from GIC, ADIA

Anuradha Verma 2 years ago
Renewable energy firm Greenko Energy Holdings has signed an agreement to raise ...
Greenko Energy raises $155 mn  from GIC, ADIA

Greenko Energy raises $155 mn from GIC, ADIA

Ranjani R 1 year ago
Renewable energy firm Greenko Energy Holdings Pvt Ltd has raised $155 million ...
Greenko to buy Pennar Industries’ renewable business

Greenko to buy Pennar Industries’ renewable business

Keshav Sunkara 8 months ago
Hyderabad-based Pennar Industries Ltd has agreed to sell its stake in Pennar...
No Comments

GIC may invest more in renewable energy company Greenko

Powered by WordPress.com VIP