Sterlite Power partners Vinci Energia to buy Vineyards Project

Sterlite Power on Thursday said it has partnered with Vinci Energia in the power transmission sector to buy Vineyards Project. “Sterlite Power and Vinci Energia (VIGT11), through Vinci Infraestrutura Gestora de Recursos LTDA, announced the formalisation of the commitment of first acquisition of issuance of debentures convertible into shares for the Vineyards Project that is in the final phase of implementation,” a Sterlite Power statement said.

The transaction under this relevant fact foresees 149 million Brazilian Real in debentures aimed at developing projects in Sterlite Power’s portfolio.