CCI Approves Greenko Energies' Stake Increase in Sikkim Urja

Tags: State News

Greenko Energies Private Limited's acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) received approval from the Competition Commission of India (CCI) on May 7th, 2024.

An Overview of the News

• Sikkim Urja Limited was established to execute a 1200 MegaWatt hydro power project, comprising 6 units of 200 MW each, in North Sikkim, India.

Acquisition Details:

• Greenko Energies Private Limited, a subsidiary of Greenko Mauritius, received approval to acquire additional shares in Sikkim Urja Limited.

Strategic Implications:

• The approval from CCI allows Greenko Energies to increase its stake in Sikkim Urja Limited.

• This acquisition strengthens Greenko Energies' presence and influence in India's renewable energy sector.

About Sikkim

• Capital: Gangtok

• Admission to union: 16 May 1975

• Bird: Blood pheasant