IL&FS invites bids to sell stake in 6.5 MW Ramagiri RE project
POWER & RENEWABLE ENERGY

IL&FS invites bids to sell stake in 6.5 MW Ramagiri RE project

Infrastructure Leasing and Financial Services Limited (IL&FS) has invited expressions of interest (EoI) to purchase 100% of Ramagiri Renewable Energy (a 6.5 MW wind project) and IL&FS Energy Development Company Limited's (IEDCL) fixed assets.

IEDCL's total issued, subscribed, and paid-up share capital is held by IL&FS and its group companies, which account for 95.54%. At Ramagiri in the Anantapur district of Andhra Pradesh, Ramagiri Renewable Energy, a 100 % subsidiary of IEDCL, owns and operates a 6.5 MW wind project with 26 250 kW wind turbines. Since April 2019, the wind farm has been inactive.

IEDCL also owns the project's fixed assets, which are used to collect meteorological and solar data.

For meteorological data collection, a 100-meter lattice tower with a 300 mm tower diameter and face width was installed at the wind project, complete with 5 anemometers, two boom-mounted vanes, and temperature and pressure sensors.

Solar irradiance measurement equipment, including a pyranometer and its levelling plate, an anemometer, and a wind direction vane, is also installed on the wind mast equipment to measure the solar potential at the site.

The EoI is for the purchase of 100% of the 6.5 MW wind project as well as the fixed assets listed above.

The deadline for bid submissions is 10th August 2021.

Bidders must have at least Rs 50 million in assets or committed funds in India to participate in the bidding process. The bidder's net worth must be at least Rs 10 million.

The bidder should not have been barred or restricted from making investments in India or its jurisdictions for incorporation and operations by any regulatory authority. The bidder must be eligible to carry out the potential transaction under Indian law.

If an applicant is an Indian public sector undertaking, the eligibility criteria will not apply if the applicant does not submit a letter of support from the central government or a state government, as the case may be, at the time of bid submission.

Foreign entities submitting an EoI should ensure that all documents submitted as part of the process are properly legalised in accordance with the EoI invitation.

Image Source


Also read: NTPC, ONGC to scale-up offshore wind energy development

Infrastructure Leasing and Financial Services Limited (IL&FS) has invited expressions of interest (EoI) to purchase 100% of Ramagiri Renewable Energy (a 6.5 MW wind project) and IL&FS Energy Development Company Limited's (IEDCL) fixed assets. IEDCL's total issued, subscribed, and paid-up share capital is held by IL&FS and its group companies, which account for 95.54%. At Ramagiri in the Anantapur district of Andhra Pradesh, Ramagiri Renewable Energy, a 100 % subsidiary of IEDCL, owns and operates a 6.5 MW wind project with 26 250 kW wind turbines. Since April 2019, the wind farm has been inactive. IEDCL also owns the project's fixed assets, which are used to collect meteorological and solar data. For meteorological data collection, a 100-meter lattice tower with a 300 mm tower diameter and face width was installed at the wind project, complete with 5 anemometers, two boom-mounted vanes, and temperature and pressure sensors. Solar irradiance measurement equipment, including a pyranometer and its levelling plate, an anemometer, and a wind direction vane, is also installed on the wind mast equipment to measure the solar potential at the site. The EoI is for the purchase of 100% of the 6.5 MW wind project as well as the fixed assets listed above. The deadline for bid submissions is 10th August 2021. Bidders must have at least Rs 50 million in assets or committed funds in India to participate in the bidding process. The bidder's net worth must be at least Rs 10 million. The bidder should not have been barred or restricted from making investments in India or its jurisdictions for incorporation and operations by any regulatory authority. The bidder must be eligible to carry out the potential transaction under Indian law. If an applicant is an Indian public sector undertaking, the eligibility criteria will not apply if the applicant does not submit a letter of support from the central government or a state government, as the case may be, at the time of bid submission. Foreign entities submitting an EoI should ensure that all documents submitted as part of the process are properly legalised in accordance with the EoI invitation. Image Source Also read: NTPC, ONGC to scale-up offshore wind energy development

Next Story
Infrastructure Transport

Safety concerns arise over Mumbai's newly opened Coastal Road tunnel leaks

Two months after the opening of a section of Mumbai's Coastal Road tunnel to traffic on March 11, observations have been made of water leaks. It has been noted that water is seeping through the walls and ceiling, particularly at the southbound tunnel's end near Princess Street Flyover. Despite repairs made during testing, this issue continues. Leaks have been sighted on both sides of the walls in the southbound tunnel, with the slab above also appearing wet. The ongoing water leakage has resulted in the paint on the walls peeling off. The BMC is under scrutiny as it prepares to open another ..

Next Story
Infrastructure Urban

CM: 95% Smart City Project nears completion

Pramod Sawant, Chief Minister, Goa, stated that the Smart City work in Panaji is nearing completion, with approximately 95% of the tasks done. He mentioned that the deadline for finishing the work was May 31. Sawant further informed that Smart City MD and CEO Sanjit Rodrigues would be conducting an inspection within two days to assess the progress and ensure its completion. He added that the inspection would involve the participation of the mayor of the Corporation of the City of Panaji, Rohit Monserrate. Earlier in the year, there had been a visit by high court judges to Panaji aimed at und..

Next Story
Infrastructure Urban

10,200 saplings to be planted in Kovai, Coimbatore

The Coimbatore City Municipal Corporation (CCMC) announced the commencement of tree-planting operations across the five zones of the city. It was stated by the civic body that 265 locations, encompassing public parks and Open Space Reservation (OSR) lands, had been identified for this initiative. As part of the Green Tamil Nadu Mission project, CCMC Commissioner M Sivaguru Prabhakaran inaugurated the campaign on Monday near the Kurichi Housing Unit in the South Zone. It was disclosed that a total of 10,200 tree saplings are slated for planting. Various endeavors are underway to safeguard the..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram