Qatar Investment Authority buys 25.1% stake in Adani Electricity Mumbai
The total QIA investment in AEML is Rs 3220 crore (US$ 452 million), which includes equity consideration of Rs 1210 crore (US$ 170 million) and shareholder subordinated debt of Rs 2010 crore (US$ 282 million).
Private utility AEML tenders 350 MW of wind-solar hybrid projects
Private-sector utility Adani Electricity Mumbai Limited has invited global bids to set up 350 MW of grid-connected wind-solar hybrid power projects. There is also the Greenshoe option to add another 350 MW. The projects—to be developed on build-own-operate basis—can be set up anywhere in India. Bidding closes on August 9.
