GAIL (India) has emerged as the highest bidder for seven operating wind power plants of Infrastructure Leasing & Financial Services (IL&FS).
The bidding process to these assets, having 12 sites spread across seven states, was launched in November last year.
“Gail’s offer of approximately Rs 4,800 crore for 100 per cent enterprise value contemplates no hair-cut to the debt of the SPVs, aggregating to nearly Rs 3,700 crore,” IL&FS said on Monday. These wind power assets have a total generation capacity of 874 MW.
