Infrastructure Leasing and Financial Services (IL&FS) is reportedly in advanced talks to merge its wind energy assets with Chennai-based listed Orient Green Power. The all-stock reverse merger of unlisted IL&FS Energy Development will value the combined entity at Rs 4,500-5,000 crore. At 1,400 MW generating capacity, it will create one of India’s largest listed wind energy companies.
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.
