Refex Renewables & Infrastructure’s wholly-owned subsidiary -- Refex Green Power has incorporated two new companies as Special Purpose Vehicles (SPVs), namely, Refex CBG SPV (Coimbatore) and Refex CBG SPV (Salem), as its subsidiaries with 74% equity stake in each, while remaining 26% equity stake held by consortium partner, namely, Spectrum Renewable Energy (which itself is under acquisition as a step-down wholly-owned subsidiary). Consequently, both these newly incorporated SPVs have become step-down subsidiaries of Refex Renewables & Infrastructure.
Refex CBG SPV (Coimbatore) is incorporated with the objective of setting-up of establishment of 250 TPD municipal solid waste-based bio-CNG plant at Coimbatore under PPP mode on DBFOT basis for a period of 20 years, while Refex CBG SPV (Salem) is incorporated with the objective of setting-up of establishment of 200 TPD municipal solid waste-based bio-CNG plant at Salem under PPP mode on DBFOT basis for a period of 20 years.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
