Update on IEL's Theni Project

RNS Number : 4707I

Infrastructure India plc

25 July 2012

 



Date:	25 July 2012
On behalf of:	Infrastructure India plc ("IIP" or the "Company" or, together with its subsidiaries,  the "Group")

Infrastructure India plc

Indian Energy restructures Theni Project to Group Captive

Infrastructure India plc, an investment company focused on India's Transport and Energy sectors, is pleased to announce that its wholly owned subsidiary, Indian Energy ("IEL"), has successfully converted its Theni wind farm to a group captive power project, thereby increasing the potential future returns from the project.

The Theni Project is located in Tamil Nadu and has an installed capacity of 16.5 MW.  Since commissioning in August 2010, the power generated from the project has been sold to the Tamil Nadu Generation and Distribution Corporation earning Rs. 3.39 per kWh. 

Under the new group captive arrangement, Indian Energy is now able to sell the power generated from the project to four industrial customers, earning a gross tariff of Rs. 5.25 per kWh.

Enquiries:

Infrastructure India plc	www.iiplc.com
Sonny Lulla	Via Merlin
Merlin	[phone]
Paul Downes / Toby Bates / Del Jones
Smith & Williamson Corporate Finance Limited	[phone]
Nominated Adviser & Joint Broker
Azhic Basirov / Siobhan Sergeant
Westhouse Securities Limited	[phone]
Joint Broker
Alastair Moreton / Hannah Young
Macquarie Capital (Europe) Ltd	[phone]
Joint Broker
Steve Baldwin / Daniele Iacopetti

 

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