Green Infra Limited

India Infrastructure

Sembcorp Green Infra is one of India’s largest independent renewable power producers. Green Infra’s business caters to all forms renewable energy – wind, solar, hydro, biomass and energy efficiency.

The company was incorporated in 2008 and is based in Gurgaon, India. Sembcorp Green Infra Limited was previously known as Green Infra Limited.

  • Active
  • Exited

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Intermediated investment

We are invested in Green Infra Limited through IDFC Private Equity (Mauritius) Fund II, which is managed by IDFC Private Equity. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Infrastructure
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
IDFC Private Equity (Mauritius) Fund II
Fund Manager:
IDFC Private Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
June 2008
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
India

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Intermediated investment

We are invested in Green Infra Limited through IDFC Private Equity Fund III, which is managed by IDFC Private Equity. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Infrastructure
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
IDFC Private Equity Fund III
Fund Manager:
IDFC Private Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
June 2009
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
India

Direct Equity

Our investment

In 2013, we invested $16 million in Green Infra, an independent wind and solar power producer, before selling our stake in the company in 2015.

When we exited, we achieved a financial return of 14 per cent, which has been used for new investments.

Our impact

The renewable energy industry in India has the potential to provide clean power to millions of homes and businesses, as well as employment. It’s estimated that the sector can create up to one million new jobs in India by 2022.

During our investment the company increased its capacity to over 650 megawatts (MW), almost doubling its renewable power production, and helped create 600 direct jobs with hundreds more supported by the supply chain.

The electricity generated by Green Infra reaches around one million people across four Indian states. This increased access to electricity helps businesses to grow as well as preventing millions of tonnes of carbon dioxide emissions.

Environmental and social aspects

We also supported the company to strengthen its relationships with the communities living near to Green Infra facilities.

This meant introducing a comprehensive corporate social responsibility programme tailored to the needs of people at each of the six sites.

The company renovated 25 schools, reaching more than 3,500 students every day. It also developed eight health care centres and provided sustainable drinking water to communities in Maharastra, a state in central India, which face long-term drought problems.

Key facts

Status:
Exited
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Infrastructure
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Direct Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
October 2013
End date

For direct equity investments, this is the date at which CDC exited the investment.

For debt investments, this is the date at which the final debt repayment was made.

For funds, this is the date at which the fund was terminated.

For underlying fund investments, this is the date at which the fund manager exited the investment.

:
March 2015
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$24.9m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
India