Hong Kong-headquartered utility CLP has plans to add scale to its India arm, driven by renewable energy and transmission projects, and list the company on bourses here in the next two to three years.
According to Economic Times, CLP India, one of the first foreign companies to enter the Indian power sector, has invested more than Rs. 145 billion since it set up shop here in 2002. The company has faced challenges, much like its peers, but is optimistic about the Indian growth story . It recently moved its headquarters in Mumbai to a company-owned property , after working out of leased offices for over a decade, reflecting its plans to become an integral part of India’s power play .
CLP India has a diversified portfolio of 3,000 MW of renewable energy , supercritical coal and gas-fired generation. The company recently bid for a power transmission project after a gap of almost a decade and it wants to be more active in this space now.
