Petronas in talks to acquire assets of Acme Solar
MUMBAI: Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd (Petronas), is in talks to buy about 100 MW of solar assets from India’s Acme Solar, two people aware of the development said. The assets located in Karnataka will be valued at Rs 450-500 crore. In February, Acme had sold about 600 MW assets to UK-based private equity fund Actis for Rs 3,000 crore.
Petronas is likely to acquire the assets through its Indian unit, Amplus Energy Solutions.
An Acme spokesperson declined to comment, while mails sent to a Petronas spokesperson and Amplus chief executive Sanjeev Aggarwal did not elicit response till press time Tuesday.
