Brief: Punj Lloyd Infrastructure signs definitive agreements with India Power Green Utility

Punj Lloyd

17/11/2016 10:39

Nov 17 (Reuters) - Punj Lloyd Ltd  PUJL.NS : 
    * Punj Lloyd infrastructure has executed definitive 
agreements with India power green utility private 
    * says the company shall be responsible for the entire 
engineering, procurement and commissioning of the projects. 
    * to co-develop 30 MW of solar assets in Uttarakhand 
    * PLIL will divest 49% of shareholding in three subsidiaries 
viz. Pl Surya Vidyut Limited, Pl Sunrays Power Limited and PL 
Solar Renewable 
    * SPV's have signed 25 years power purchase agreements with 
uttarakhand power corporation limited. 
    * Greenstone Energy Advisors is acting as the exclusive 
financial advisor to Punj Lloyd Infrastructure Limited (PLIL) 
for the transaction 
 
Source text (http://bit.ly/2g1lACe) 
Further company coverage:  PUJL.NS  
 
 (Bengaluru newsroom) 
 ((Reuters Messaging: Bangalore.newsroom@thomsonreuters.com))