 "Greenko")
Greenko Power II Limited (GPL), a restricted group of subsidiaries owned by Greenko Energy Holdings, plans to raise dollar denominated bonds to refinance its project level debt. The group plans to invest $2 billion in pumped storage-based integrated renewable-energy projects with a combined capacity of 2.4 GW.
Greenko is one of the country's leading renewable-energy companies with an operating capacity of 5.2 GW and 138 projects across 14 states.
GPL will lend the proceeds of the US dollar bonds to the operating subsidiaries by investing in their rupee-denominated debt. It does not hold equity in the operating subsidiaries which is
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