M&A Deal Summary

GMR Energy Acquires Himtal Hydro Power Co.

On January 2, 2008, GMR Energy acquired renewable energy company Himtal Hydro Power Co.

Acquisition Highlights
  • This is GMR Energy’s 1st transaction in the Renewable Energy sector.
  • This is GMR Energy’s 1st transaction in Nepal.

M&A Deal Summary

Date 2008-01-02
Target Himtal Hydro Power Co.
Sector Renewable Energy
Buyer(s) GMR Energy
Deal Type Add-on Acquisition

Target

Himtal Hydro Power Co.

Kathmandu, Nepal
Himtal Hydro Power Co. (P) Ltd. is a producer of hydroelectricity in Nepal.

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Buyer(S) 1

Buyer

GMR Energy

Bhubaneswar, India

Category Company
Founded 1996
Sector Infrastructure
DESCRIPTION

GMR Energy is a holding-and-operating company of all the power generation and related businesses, including coal mines, of GMR Infrastructure Limited (GIL) in India. GEL has 3 operational plants aggregating to 820 MW and ~10 power projects under construction / development aggregating to over ~9,000 MW. GEL aims to become one of India’s leading power generation companies. GMR Energy Limited operates as a subsidiary of GMR Infrastructure Ltd.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Nepal M&A 1 of 1
Year: 2008 M&A 1 of 1