Orient Green Power Company is all set to raise Rs 81 crore through the sale of its 20 MW biomass plant near Kolhapur in Maharashtra, to Singapore-based Sindicatum Captive Power. The Kolhapur plant is one of the five-six (out 12 owned) that Orient Green intends to sell.
Sindicatum is a renewable energy company that has solar, biomass and waste-to-energy assets in Asia. It owns two bagasse-fired plants in Uttar Pradesh with a capacity of 60 MW and is building another similar 15 MW plant in Punjab.
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.
