25th Jul 2012 11:49
Date: | 25 July 2012 |
On behalf of: | Infrastructure India plc ("IIP" or the "Company" or, together with its subsidiaries, the "Group") |
Infrastructure India plc
Indian Energy restructures Theni Project to Group Captive
Infrastructure India plc, an investment company focused on India's Transport and Energy sectors, is pleased to announce that its wholly owned subsidiary, Indian Energy ("IEL"), has successfully converted its Theni wind farm to a group captive power project, thereby increasing the potential future returns from the project.
The Theni Project is located in Tamil Nadu and has an installed capacity of 16.5 MW. Since commissioning in August 2010, the power generated from the project has been sold to the Tamil Nadu Generation and Distribution Corporation earning Rs. 3.39 per kWh.
Under the new group captive arrangement, Indian Energy is now able to sell the power generated from the project to four industrial customers, earning a gross tariff of Rs. 5.25 per kWh.
Enquiries:
Infrastructure India plc | www.iiplc.com |
Sonny Lulla | Via Merlin |
| |
Merlin | +44 (0)20 7726 8400 |
Paul Downes / Toby Bates / Del Jones |
|
Smith & Williamson Corporate Finance Limited | +44 (0)20 7131 4000 |
Nominated Adviser & Joint Broker | |
Azhic Basirov / Siobhan Sergeant | |
Westhouse Securities Limited | +44 (0)20 7601 6100 |
Joint Broker | |
Alastair Moreton / Hannah Young | |
Macquarie Capital (Europe) Ltd | +44 (0)20 3037 2000 |
Joint Broker | |
Steve Baldwin / Daniele Iacopetti | |
Related Shares:
IIP.L