Orient Green Power Company (OGPL) has entered into a Share Purchase Agreement (SPA) with Janati Bio Power (Subsidiary of SVL) - Promoter Company for the purpose of disinvesting the eight biomass subsidiaries to Janati Bio Power.
The eight biomass subsidiaries are Orient Green Power Company (Rajasthan), SM Environmental Technologies, Shriram Powergen, Gayatri Green Power, Orient Bio power, PSR Green Power Projects, Global Powertech Equipments and Shriram Non-Conventional Energy.
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.
