14th Jul 2014 09:00
LONDON (Alliance News) - Greenko Group PLC Monday said its subsidiary Greenko Mauritius has retained consultancy services to review its current funding arrangements and overall cost of capital.
The Indian developer, owner and operator of clean energy products said it has retained Deloitte Touche Tohmatsu India Private Ltd to assess and review a number of its power projects in India.
The news comes a month after the company reported an increase in profit and revenue for its full-year ended March 31, after it ramped up clean energy generation as it said India transitions to focus on more sustainable methods of producing energy.
Greenko said at the time that clean energy is becoming an increasingly important part of the Indian energy market and will provide a significant portion of the Indian government's 12th Plan target for new capacity.
In June, the company was on track to reach roughly 700 megawatts of total operating capacity across its entire portfolio ahead of this year's wind and monsoon season.
Greenko shares were up 3.6% to 174.61 pence on Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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