Deals this week: Amaranto Solar Power India, Enel, and Chenab Valley Power Projects

12 April 2017 (Last Updated April 12th, 2017 18:30)

Amaranto Solar Power India has obtained exclusive rights to acquire Solar Energy Corporation of India’s (SECI) 110MW power project for approximately $80m.

Amaranto Solar Power India has obtained exclusive rights to acquire Solar Energy Corporation of India’s (SECI) 110MW power project for approximately $80m.

Amaranto Solar Power is a subsidiary of Amaranto Global Asset Management, while SECI is a combined primary storage unit (CPSU) working under the administrative control of the Ministry of New and Renewable Energy (MNRE).

Besides co-investing in the project, Amaranto will act as the engineering, procurement, and construction (EPC) contractor, as well as industrial operator for the power plant.

Enel has announced plans to invest $55m in the construction and development of Panama’s 42MW Sol Real solarpower complex.

The investment will be made through subsidiary Enel Green Power Panama (EGPPA).

"[The Sol Real solarpower complex] will include installation of 310,860 PV modules and will generate approximately 70GWh of electricity a year."

Comprising five photovoltaic (PV) plants, the complex will include installation of 310,860 PV modules and will generate approximately 70GWh of electricity a year. This will power approximately 33,000 homes.

Chenab Valley Power Projects intends to participate in the construction and development of Kwar hydro power plant in the Kishtwar district of Jammu & Kashmir, India, by investing Rs49.5bn ($768.12m).

The 540MW power plant will have an investment per MW of $1.42m and is expected to be completed within 54 months.

Jilin Power Share has announced plans to invest in the construction and development of two 50MW solarpower plants Yan'an and Linyi.

Jilin Power will invest CNY429.62m ($62.25m) on the Yan'an plant and CNY356.29m ($51.62m) on the Linyi project.