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Epigral to invest Rs 213.8 million in Gujarat hybrid power project

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Epigral Limited has signed a Share Subscription and Shareholder’s Agreement (SSSHA) with Prozeal Green Energy Private Limited and its special purpose vehicle (SPV), Pro-Zeal Green Power Ten Private Limited. The agreement is for the procurement of power from a 19.8 MW wind-solar hybrid project located in Gujarat. Epigral will invest around Rs 213.8 million to acquire a 26 per cent equity stake in the SPV. The investment will support power procurement on a captive basis.

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Lloyd Metals to form SPVs for 100 MW solar power

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Lloyd Metals and Energy Limited plans to form two special purpose vehicles (SPVs) with Amplus Energy Solutions and Hinduja Renewables Energy for procuring 100 MW solar power for its captive use.  The company will invest Rs 250 million and Rs 270 million to acquire a 26 per cent stake in the SPVs with Amplus Energy and Hinduja Renewables, respectively. The SPVs will develop and operate captive solar plants, ensuring sustainability and cost efficiency.  Lloyd Metals…