Select Page

Soham Renewable Energy India (SREIPL), a Bangalore-based company involved in power generation in the renewable sector is close to raising Rs 90 crore from FE Clean Energy, a private equity firm investing in mid-market energy efficiency space. The company expects the process to be completed by the end of January 2010.

The equity fund had earlier invested in the company at a project level. It had earlier infused equity into Ambuthirtha Power Pvt Ltd, a 22MW hydro power project of Soham Group.

The company plans to acquire companies to have pan-India footprint. It targets partially completed projects of 10MW-25MW capacities. Its area of preference includes Uttaranchal, Himachal Pradesh, Sikkim, Maharastra, Madhya Pradesh, Meghalaya and Arunachal Pradesh. It is also looking at possibilities to expand in Sri Lanka.

More from here