Infrastructure Leasing and Financial Services (IL&FS) on Tuesday requested expressions of interest (EOI) from eligible investors for its 100 per cent stake in Ramagiri Renewable Energy Ltd (RREL) and buy of fixed assets of IL&FS Energy Development Company (IEDCL).
IL&FS and its group firms jointly hold 95.54 per
cent of the total issued, subscribed and paid-up share capital of IEDCL. RREL is a 100 per cent subsidiary of IEDCL.
RREL possesses a 6.5 MW wind farm project with 26 wind turbines having a capacity of 250 KW each at Ramagiri, district Anantapur, Andhra Pradesh.
IEDCL also holds a wind mast, situated at the wind farm site of RREL, and a solar irradiation measurement equipment mounted on the wind mast (together 'Fixed Assets') that are used for gathering meteorological and solar data respectively.
Expressions of Interest (EOI) are invited from eligible applicants for - possession of the total issued, subscribed and paid-up shares of RREL and purchase of the Fixed Assets, IL&FS said in the EOI.
The final date for submission of the EOI and other required documents by 5 PM on August 10, 2021, the EOIs read.
