Equis Pte. Ltd, an independent Asian infrastructure and real asset investment manager, is looking to sell its Indian hydroelectric power platform Hydreq, which owns and operates close to 200 megawatts (MW).
Hydreq owns a controlling stake in two hydroelectric power plants in Sikkim. The sale of the hydroelectric power platform could likely fetch Equis up to Rs2,000 crore.
Equis is a major investor in infrastructure and real estate in the Asia-Pacific region. Since 2011, Equis has raised over $2.7 billion in private equity and has successfully completed investments in 10 Asia-Pacific countries.
Equis was recently part of the largest renewable asset merger and acquisition (M&A) transaction, when it sold its renewable energy platform Equis Energy. In India, Equis Energy owned 974 MW of wind and solar power assets, developed and under development.
Equis has started a process to hire an investment bank for the same. They have met with several bankers and are expected to appoint one soon.
