ABNL enters into partnership with Abraaj Group

Q.  Which group has entered into partnership with Abraaj Group, leading investor in global growth markets for constructing large scale renewable energy platform through development of utility scale solar power plants in the nation?
- Published on 09 Oct 15

a. Mahindras
b. TATA Group
c. Aditya Birla Group
d. None of the above

ANSWER: Aditya Birla Group
 
Aditya Birla Group via Aditya Birla Nuvo has entered into a collaboration with leading investor in global growth markets, Abraaj Group for developing utility scale solar power plants in the nation. ABNL has entered into an SSA/ Subscription and shareholders agreement with an Abraaj affiliate and the affiliate created will be 51% owned by ABNL and 49% by the latter. Aditya Birla Renewables, the solar power platform will bid for projects at national and state auctions to develop utility scale power plants in the nation to provide cost effective electricity to several national grids.

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