CLP’s India Wind Unit Seeks Private Equity Funding: ETNatalie Obiko Pearson
CLP Wind Farms (India) Pvt., a unit of Hong Kong billionaire Michael Kadoorie’s CLP Holdings Ltd., 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 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.