MoU signed for sale of 20 MW co-generation power plant at Gaganbawda, Kolhapur
Orient Green Power Company announced that the Company had earlier signed a Share Purchase Agreement with Sindicatum Captive Energy Singapore towards sale of 100% equity shares held in Orient Green Power (Maharashtra) (OGPML). However Padmashri Dr. D.Y. Patil Sahakari Sakhar Karkhana (PDDPSSKL) exercised its option of first right to purchase the Shares of OGPML as per the terms of Build, Own Operate and Transfer (BOOT) Agreement signed with them.As a result, the SPA signed with Sindicatum Captive Energy Singapore stands cancelled and further an Memorandum of Understanding ( MoU) has been signed between OGPML and PDDPSSKL for a sale of 20 MW CO-Generation Power Plant at GAGANBAWDA, Kolhapur.
The Board has approved the same through a circular resolution.
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