Bharti Airtel has entered into an agreement to acquire a 26% equity stake in AMP Energy Green Three Private Limited, a special purpose vehicle (SPV) set up to operate a 50 MW hybrid wind-solar power plant in Barmer, Rajasthan. This strategic move aligns with Airtel’s commitment to renewable energy and regulatory requirements for captive power consumption under India’s electricity laws.
Key Acquisition Details
- Cost: ₹37.89 crore for 26% equity.
- Purpose: To comply with the Electricity Act, 2003, and procure renewable energy for Airtel’s operations.
- Consideration: Cash transaction.
- Approvals: Subject to Grid Connectivity and Open Access regulatory permissions.
About AMP Energy Green Three
AMP Energy Green Three is an SPV under Amp Energy Green Private Limited. It is dedicated to developing, operating, and maintaining a 50 MW hybrid wind-solar power plant in Barmer, Rajasthan. The plant, connected to PGCIL’s 220 KV Fatehgarh GSS, aims to supply cost-effective green energy to industries across India via interstate transmission.
