Orient Green Power to divest its stake in Maha power projects
Sindicatum Captive Energy Singapore to buy the stake
 "Overview of air insulated substation; Image courtesy: Alstom")
Overview of air insulated substation; Image courtesy: Alstom
Orient Green Power Company Limited to enter into a Memorandum of Understanding (MoU) with Sindicatum Captive Energy Singapore Pte Limited (Sindicatum), to divest entire stake held in Orient Green Power (Maharashtra) Private Limited towards sale of 20 MW co-generation power project in Kolhapur, Maharashtra.
In an announcement to BSE today, the company said its Investment and Borrowing Committee Meeting of Board of Directors, at their meeting held on November 6, 2015, approved to enter into an MoU with Sindicatum Captive Energy.
Company did not disclose the value of the deal.
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First Published: Nov 06 2015 | 1:32 PM IST