IL&FS invites EoI for divestment of its stake in renewable energy projects

The Infrastructure Leasing & Financial Services (IL&FS) has invited Expression of Interest (EoI) for sale of its stake in its renewable energy projects.

The company plans to sell its basket of all assets in asset portfolio 1A, the asset portfolio 1B, asset portfolio 1C, asset portfolio 2, asset portfolio 3A, asset portfolio 3B, asset portfolio 3C, asset portfolio 3D and asset portfolio 3E.

Asset Portfolio 1: This includes the following:

 

  • Asset Portfolio 1A: Majority stake in five special purpose vehicles (SPVs) operating wind power plants with an aggregate capacity of 569.2 MW
  • Asset Portfolio 1B: Majority stake in a SPV operating a wind power plant with aggregate capacity of 256 MW
  • Asset Portfolio 1C: Majority stake in a SPV operating a wind power plant with an aggregate capacity of 48.3 MW

Asset Portfolio 2: This includes IL&FS Wind Power Services Limited, an asset management company providing asset management, commercial, regulatory and financial services.

Asset Portfolio 3: This includes the following:

  • Asset Portfolio 3A: A SPV constructing a wind power plant with an aggregate capacity of 43.2 MW
  • Asset Portfolio 3B: A SPV constructing a wind power plant with an aggregate capacity of 60.8 MW
  • Asset Portfolio 3C: Business division conducting project development and implementation of wind power plants
  • Asset Portfolio 3D: IL&FS Solar Power Limited, which developes, operates and maintains solar power plants.
  • Asset Portfolio 3E: Business division conducting project development and implementation of solar power plants of approximately 300 MW of capacity.

The last date for submission of EoI is December 10, 2018.

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