{"id":300095,"date":"2019-11-08T11:20:23","date_gmt":"2019-11-08T05:50:23","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300095"},"modified":"2019-11-08T11:37:28","modified_gmt":"2019-11-08T06:07:28","slug":"sterlite-power-inks-pact-to-sell-arcoverde-project-to-vinci-energia-fip-ie","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sterlite-power-inks-pact-to-sell-arcoverde-project-to-vinci-energia-fip-ie\/","title":{"rendered":"Sterlite Power inks pact to sell Arcoverde project to Vinci Energia FIP \u2013 IE"},"content":{"rendered":"<p>Power transmission company Sterlite Power will sell off its power transmission asset in Brazil for $35 million to Vinci Energia FIP \u2013 IE.<\/p>\n<p>\u201cArcoverde\u201d was a project won by Sterlite Power in April 2017 was held through (V2i Transmissao de Energia S.A.) of Arcoverde Transmissao de Energia SA, a Special Purpose Vehicle, which was commssioned in May 2019, the company said in a statement.<\/p>\n<p>For this transaction, V2i Transmissao de Energia S.A., funded by Vinci Energia FIP &#8211; IE will pay Sterlite Power $35 million subject to positive or negative adjustment, resulting, among others, of variation between net indebtedness and capital between the base date and the closing date, as well as other adjustments after closing. The conclusion and effectiveness of that transaction is subject to compliance with certain preceding conditions, such as the approval of Brazilian electricity regulator ANEEL, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power transmission company Sterlite Power will sell off its power transmission asset in Brazil for $35 million to Vinci Energia FIP \u2013 IE. \u201cArcoverde\u201d was a project won by Sterlite Power in April 2017 was held through (V2i Transmissao de Energia S.A.) of Arcoverde Transmissao de Energia SA, a Special Purpose Vehicle, which was commssioned in May 2019, the company said in a statement. For this transaction, V2i Transmissao de Energia S.A., funded by Vinci Energia FIP &#8211; IE will pay Sterlite Power $35 million subject to positive or negative adjustment, resulting, among others, of variation between net indebtedness and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-300095","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300095","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300095"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300095\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}