TOKYO, Japan: ORIX Corporation (“ORIX”) announced today that it has agreed to acquire 51 percent of shares in seven wind power generation subsidiaries which it jointly owns with IL&FS Wind Energy Limited (“IWEL”); IWEL is the wholly owned subsidiary of IL&FS Energy Development Company Limited which, in turn, is a subsidiary of Infrastructure Leasing & […]
IL&FS proposes to NCLT sale of wind energy assets to ORIX of Japan
The proposal has been filed before the Tribunal after completing binding Share Purchase Agreement with ORIX Corporation and obtaining “in-principle” approval from all lenders for completing this transaction, subject to NCLT approval. Mumbai: Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix […]
ORIX to Begin Construction of 6.5 MW Geothermal Power Plant in Hokkaido
TOKYO : ORIX Corporation (“ORIX”) announced today that it will begin construction of the Minami-Kayabe Geothermal Power Plant (name to be confirmed) in the Minami-Kayabe region of Hakodate City, Hokkaido. The power plant will have a generation capacity of 6,500 kW (6.5 MW), and will be the largest*1 binary cycle*2 geothermal power plants in Japan. […]
