 "Eastspring Investments to invest in Watsun Infrabuild")
Eastspring Investments (Eastspring) will make an undisclosed investment in Watsun Infrabuild, a wholly owned subsidiary of Continuum Wind Energy.
The $146-billion Asian investment management arm of Prudential plc has signed a binding agreement and the transaction is likely to be completed by June 2017.
Watsun is constructing 150-megawatt (Mw) wind power projects in Tirupur and Coimbatore districts of Tamil Nadu. The capital invested by Eastspring will be used to fund the construction activities of the second phase of the project.
The power from the project will be evacuated through a dedicated 230-kilovolt (kV) substation and extra-high-voltage (EHV) line that connects to a
