Greenko plans to raise Rs 2,500 cr via NCDs for solar power units

The company will issue new debentures for this amount, to retire existing non-convertible debentures to the tune of Rs 2,655 crore

Singapore’s sovereign wealth fund GIC-backed Greenko Holdings is planning to raise Rs 2,500 crore via non-convertible debentures (NCDs) to retire existing debt for 10 solar power generating units. It will issue new debentures for this amount to retire existing NCDs worth Rs 2,655 crore.

These units, organised as special purpose vehicles (SPVs), run 10 solar power generation units of 50 Mw each at Kurnool Solar Park, Andhra Pradesh.

Greenko Group is a renewable independent power producer, having an operational capacity of 4.4 Gw and under construction capacity of 2.6 Gw across in India. The group’s holding company Greenko Energy Holdings is backed