CCI Approves Acquisition of 21 SPVs by Gentari Renewables India
The Competition Commission of India (CCI) has approved Gentari Renewables India Pte. Ltd.'s acquisition of 21 SPVs and holding companies operating renewable power plants in wind and solar energy.
January 08, 2025. By Mrinmoy Dey
Gentari Renewables (the acquirer) is an indirect subsidiary of Petroliam Nasional Berhad. It is focused on delivering clean energy solutions through three initial core pillars – renewable energy, hydrogen and green Mobility.
“The proposed combination envisages acquisition of 21 special purpose vehicles (SPVs), owning renewable power generation plants, and the holding companies of certain SPVs by Gentari Renewables India Pte. Ltd. (Acquirer),” CCI said in a statement.
The target entities are engaged in the business of generation and sale of power through wind turbine and solar power plant.
please contact: contact@energetica-india.net.
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