Greenko Group, a listed company in the Alternative Investment Market of London Stock Exchange is ready to settle in India by setting up an electricity power plant in Maharashtra by May with the capacity to produce power from 220 MW to 385 MW.
The Managing Director and CEO of the Greenko Company, Anil Chalamalasetty said that, Greenko is in a very better situation to set up their new plant in Maharashtra. They will also try to help from Maharashtra’s Satara district’s plant.
This would increase the energy generation capacity to 220 MW, among which 120 MW comes from hydel power generation, 80 MW comes from biomass plants and a liquid fluid power plant, the later one has come from the acquisition.
The company is already in a process to establish their wind energy plants in the states like Maharashtra, Karnataka, Andhra Pradesh and Rajasthan in the association with GE. The investors are Prudential PLC, Aloe Funds, TPG Growth, Capital Group and Blackrock who are investing in these projects.