Orient Green Power Company has received an approval to enter into a Memorandum of Understanding (MoU) with Chandrabhan Katewa to divest 26% equity shares held by the company in Sanjog Sugars & Eco Power through an investment vehicle to be identified by Chandrabhan Katewa subject to all required approvals.
The Investment and Borrowing Committee Meeting of Board of Directors of the Company held on November 17, 2015, has approved for the same.
Orient Green Power is the largest independent operator and developer of renewable energy power plants in the country based on aggregate installed capacity. The company’s portfolio currently includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.
