Bharti Airtel has entered into an agreement for acquisition of 1,743,560 (7.48%) equity shares in Sandhya Hydro Power Project Balargha, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws. The cost of acquisition is Rs 1.74 crore(US$ 240,081.13) United States Dollar
This acquisition will allow Airtel’s Nxtra to power key edge data centers in Delhi.
Sandhya Hydro Power Project Balargha (Sandhya Hydro) owns and operates a small hydro project of 9 MW (plus 10% continuous overload) in Kullu district, Himachal Pradesh, and is a subsidiary of Continuum Energy, Singapore.
