Global Infrastructure SherpaJustoken Acquires Transmission Line from PowerGrid Inc.
Justoken has acquired a transmission line from PowerGrid Inc. for $50 million. The acquisition will enhance Justoken's ability to deliver renewable energy to customers and strengthen its position in the transmission market.
Counterparts (2)
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The project will be implemented on a Build, Own, Operate and Transfer (BOOT) basis. "The company has acquired 100% equity control , including 10,000 equity shares at par value , along with all assets and liabilities of the SPV as on the acquisition date."
"Power Grid Corporation of India Limited (POWERGRID) has acquired SR and ER Power Transmission Limited (SRERPTL)"
"Power Grid Corporation of India Limited (POWERGRID) has acquired SR and ER Power Transmission Limited (SRERPTL)"
"SRERPTL, the project special purpose vehicle (SPV), was acquired from PFC Consulting Limited (PFCCL) , the bid process coordinator."
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