Cube Highways to acquire five HAM Projects in India
Cube Highways and Infrastructure III Pte. Ltd., (Cube Highways), a portfolio company of I Squared Capital, through its ISQ Global Infrastructure Fund II, has entered into an agreement with Dilip Buildcon Limited to acquire five new hybrid annuity road projects in the states of Maharashtra, Telangana, and Odisha. Following the transaction, the Cube Highways portfolio will have 18 projects and over 6,000 lane-kilometres of highways across the country.
Under the Hybrid Annuity Model (HAM), these projects will construct and operate nearly 1,200 lane-kilometres of national highways. The completion of the transaction is contingent upon the fulfilment of customary regulatory and lender approvals.
NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion
Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B
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Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos
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Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.
Technical services for the
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