{"id":289508,"date":"2019-08-30T05:32:41","date_gmt":"2019-08-30T05:32:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289508"},"modified":"2019-08-30T05:32:41","modified_gmt":"2019-08-30T05:32:41","slug":"adani-green-to-buy-essels-solar-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-green-to-buy-essels-solar-assets\/","title":{"rendered":"Adani Green to buy Essel\u2019s solar assets"},"content":{"rendered":"<p>MUMBAI : Essel Group will sell 205 megawatt (MW) of its operational solar energy assets to Adani Green Energy Ltd at an enterprise value of \u20b91,300 crore, the two companies said.<\/p>\n<p>An Essel Group statement said the assets are in Punjab, Karnataka and Uttar Pradesh and have long-term power purchase agreements (PPAs) with various state-owned power distribution companies (discoms).<\/p>\n<p>The deal is expected to close by end September, when Subhash Chandra\u2018s Essel Group must repay about \u20b97,000 crore to creditors as agreed earlier this year. This is the second asset sale by Essel, after a recent stake sale in its entertainment business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Essel Group will sell 205 megawatt (MW) of its operational solar energy assets to Adani Green Energy Ltd at an enterprise value of \u20b91,300 crore, the two companies said. An Essel Group statement said the assets are in Punjab, Karnataka and Uttar Pradesh and have long-term power purchase agreements (PPAs) with various state-owned power distribution companies (discoms). The deal is expected to close by end September, when Subhash Chandra\u2018s Essel Group must repay about \u20b97,000 crore to creditors as agreed earlier this year. This is the second asset sale by Essel, after a recent stake sale in its [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-289508","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289508"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289508\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}