Background of East Cost Energy Pvt. Ltd
Asian Genco Pte Ltd (AGPL) was incorporated in January 2007 under the Singapore Laws. The AGPL is engaged in developing a Power portfolio of Hydro, Thermal and Non-Conventional Power generation assets. The projects include three Hydel power projects in the states of Himachal Pradesh and Sikkim, one Gas based & one Coal based thermal power projects in the State of Andhra Pradesh and a Wind farm in the state of Gujarat. AGPL through its subsidiaries hold controlling stakes in each of the Special Purpose Vehicles (SPV) that are developing / operating the above assets. Asian Genco's board members and senior management includes very senior past policy makers, bureaucrats, sector experts and successful CEOs of large corporations with Mr. Vijaykumar T V- as Chairman and Mr. Krishna V Tatineni as Vice Chairman
Asian Infratech Pte Ltd is wholly owned subsidiary of AGPL and holds a controlling interest in Energy Infratech Pvt Ltd, having offices in Delhi, Gurgaon, Himachal Pradesh, Sikkim, Andhra Pradesh and Chhattisgarh.
Energy Infratech Pvt Ltd,(EIPL)
One of the projects being handled by Energy Infratech Pvt. Ltd is the coal based 2640 MW Bhavanapadu Thermal Power Plant of East Coast Energy Pvt.Ltd (ECEPL) at Kakarapalli village of Srikakulam Dt in AP State. The Asian Genco (AGPL) owns 51% of the Equity of ECEPL and the other partners are Athena Infraprojects Pvt.Ltd and Athena Energy Ventures (Joint Venture of IDFC, PTC India Ltd and AIP Power)
Morgan Stanley-Led Consortium To Invest $425M In Asian Genco
In the largest PE deal in almost two years and the largest in the power sector, Singapore-based Asian Genco Pte Ltd (AGPL), which has investments in Indian power generation assets and engineering services businesses, has raised commitments of over $425 million from a consortium of investors. The investor group, led by Morgan Stanley Infrastructure Partners (MSIP), includes Norwest Venture Partners, General Atlantic LLC, Goldman Sachs Investment Management, Everstone Capital and others.
The last PE deal of a similar magnitude came when Providence Equity Partners invested $428 million in Aditya Birla Telecom Ltd, a transaction that closed towards end of 2008. The largest investment in power sector so far was Indiabulls Power's $395 million mop up from hedge fund Farallon Capital and steel tycoon Lakshmi Mittal's LNM India Ventures.
Source Website: www.asiangenco.com
Comments
In order to find out the real people behind the East Cost Energy Pvt ltd, who managed, the allotment of Govt land right in the prime Wetlands of Bhavanapadu and all the clearances required for the project both from the State and Central Governments in a record time, in spite of the opposition, it may be worthwhile to investigate the background and resources of people behind Asian Genco Pte Ltd and associated institutions and their credibility.
Capt. J. Rama Rao. VSM; FIE
Indian Navy (Retd.)
Blog: http://captramarao.blogspot.
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