Deloitte Touche Tohmatsu India, on behalf of IDBI Bank, has invited expressions of interest (EoIs) for the sale of a 30-megawatt (MW) solar power project in Patan, Gujarat, owned and operated by Lanco Solar (Gujarat) (LSGPL), according to a public notice.
The plant’s total debt outstanding as on October 8, 2018, stood at `346 crore. IDBI is the only lender to the project.
“IDBI Bank (IDBI or the lender), being the sole lender of the company has been authorised on behalf of the company to supervise the process of divestment of business undertaking on its own or through the authorised agent and it has appointed Deloitte Touche Tohmatsu India (DTTILLP), to act as the process advisor in relation to the aforesaid process,” Deloitte said in the notice. The last date for submission of EoIs is March 15.
