Currently, AMP Capital, IL&FS Renewable Energy Limited (IREL) and International Finance Corporation (IFC) are the private equity investors in Shalivahana Green Energy Limited.
AMP Capital (AMP), based in Sydney, Australia, is a specialist investment manager with over A$124.9 billion in funds under management as at 31 March 2012 and has more than 250 investment professionals. AMP Capital is one of the most experienced global infrastructure managers with more than 20 years’ experience and over 80 infrastructure (equity and debt) investments globally since 1988. It has been investing in Asian infrastructure since 1994 and is among the earliest infrastructure investors active in India. AMP Capital has invested in SGEL in June, 2012 through one of its funds AMP Capital Asian Giants Infrastructure Fund (AGIF) which targets growth oriented infrastructure investments in India and China in sectors such as transportation, energy/utilities, telecommunications and urban infrastructure. The US$161 million Fund holds investments in a gas distribution franchise in China, a road developer in India and a telecommunications infrastructure company in India.
IL&FS Renewable Energy Ltd (IREL) is the other private equity investor in the Company. It has been promoted by Infrastructure Leasing & Financial Services Limited (IL&FS), a leading infrastructure development and financial services company. The IL&FS group over the years has focused on the commercialization and development of infrastructure projects in the country. IREL is engaged in developing, implementing and operating power projects in the renewable energy space. The renewable energy projects developed by IREL are planned to be diverse in geographic location, energy source and off-take, and each project is planned to be strategically located near an available energy source. IREL envisages development of Greenfield projects as well as acquisition of operational renewable assets. IREL is currently associated with development of projects in areas of bagasse, biomass based energy, wind energy, waste to energy, solar energy and hydro energy across the country. IREL has in house expertise in various facets of project development such as legal, regulatory, environmental and financial etc, essential to ensure optimal structuring of the project in addition to a strong team of technical personnel for project implementation.
International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, IFC helped its clients create jobs, strengthen environmental performance, and contributed to their local communities. As a member of the World Bank Group and the largest global development institution focused on the private sector, IFC is constantly providing finance to help the companies grow quickly and substantially with advice that helps them innovate, raise standards, mitigate risk, and share knowledge across industries and regions. IFC is prioritizing investments in renewable energy projects around the world and as India faces power shortages that leave more than 400 million people without access to electricity and to address the climate change IFC intends to support only highly efficient coal-fired projects. It has invested in Shalivahana Green Energy Limited (SGEL), a clean energy firm having assets across biomass, hydro and wind energy generation.