IL&FS arm puts its shares in 2 wind energy assets for sale
MUMBAI:Going ahead with its monetisation process, IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited expressions of interest (EoI) to sell its stake in Sipla Wind Energy Ltd and Mahidad Wind Energy Private Ltd.
Sipla Wind Energy is a special purpose vehicle with under-construction wind energy project with aggregate capacity of 43.2 MW. With the same characteristics, Mahidad Wind Energy has an aggregate capacity of 60.8 MW, said the invitation on the IL&FS website.
The call for EoIs is a part of the asset monetisation process as per the ‘Report on Progress and Way Forward’ submitted by IL&FS to the Ministry of Corporate Affairs in October 2018 which was later filed in the Mumbai bench of the National Company Law Tribunal.
