Wednesday 23, September 2009 by

Green Infra pays $37 million for three wind farms in India

Indian private equity company Green Infra has bought BP's subsidiary, BP Energy India Private Limited (BPEIPL), which owns and operates three wind farms in India with a total generating capacity of approximately 100 megawatts (MW), for a total cash-free, debt-free enterprise value of 4.622 billion Rupees ($95 million), comprising a cash consideration received by BP of 1.779 billion Rupees ($37 million) and net debt assumed by the purchaser of 2.843 billion rupees ($58 million).

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