BP reportedly to sell Wind Power Assets to Indian IDFC Private Equity Fund
Categories: Wind Power News

It is rumoured that BP is reportedly to sell its domestic Indian Wind Power Assets to a private equity fund named IDFC for INR6.5 billion ($133.8 million), the Economic Times reports. The fund will pay for the transaction in two tranches, with the initial payment totaling INR3.5 billion, the Web site said. BP has currently 40 megawatts of assets in Maharashtra and 60 megawatts in Karnataka. A spokesperson for IDFC Private Equity declined to comment. Anshul Mathur, a spokesman for BP India, also declined ... Read More



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