CLP’s India Wind Unit Seeks Private Equity Funding: ET

CLP Wind Farms (India) Pvt., a unit of Hong Kong billionaire Michael Kadoorie’s CLP Holdings Ltd. (2), seeks to raise as much as $200 million to fund expansion, the Economic Times reported, citing two people it didn’t identify.

The unit, India’s biggest wind utility, has appointed Standard Chartered Plc (STAN) to help it sell a stake to private equity investors. It is the third attempt by the company to raise capital in two years, according to the report.

CLP Wind seeks $250 million a year for expansion and may try to sell an overseas bond for the first time, Rajiv Mishra, managing director of CLP’s India business, said in an October interview.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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