solar park project in Telengana under development by Suzlon Energy is in the final stages of being acquired by Hong Kong's CLP Group. This will mark its foray into solar energy in India and also give a big boost to the domestic solar power industry seeking equity investments to the tune of Rs 20,000 crore.
If the deal does go through, the stake that CLP India will first acquire and a year after its commissioning, take majority control and may even buy Suzlon out entirely. Suzlon will however remain involved in the Rs. 800 crore project with the engineering, procurement and construction (EPC) work.
Total capacity of CLP's existing power projects in India. These include a 1,320 MW thermal power plant in Jhajjar and 655 MW gas based power plant in Paguthan.