Tata Power plans to launch renewable InvIT by March 2021
Tata Power Company, India’s largest private sector power producer, plans to launch its renewable InvIT by March 2021.
According to company sources, the entire renewable portfolio of 2500 MW operational and 600 MW of under construction renewable projects will be moved into the InvIT. “We are evaluating whether it will be a public or a private InvIT and hopefully by the end of September, we will have the definitive term sheet. Our plan is to complete the invIT in its entirety by the end of FY21,” the firm sources said.
