The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited.

Greenko Energies is a limited liability company incorporated in India. It is an (indirectly) wholly-owned subsidiary of Greenko Mauritius. Greenko Mauritius is wholly-owned by Greenko Energy Holdings (GEH), a company incorporated in Mauritius, which is the holding company of the Greenko group of companies. GEH is an investment holding company, having its investments in a portfolio of companies engaged in the power generation sector in India.

Sikkim Urja is a special purpose vehicle incorporated for the purpose of the implementation of the 1200 Mega Watt (MW) (6 Units of 200 MW each) hydro power project in North Sikkim, India.

Detailed order of the CCI will follow.

Competition clearance for acquisition of additional shares in a hydro project special purpose vehicle enables group consolidation. The Competition Commission granted competition clearance for Greenko Energies Private Limited to acquire additional shares in Sikkim Urja Limited, a special purpose vehicle formed to implement a multi-unit hydro power project. Greenko Energies is an Indian company within a Mauritius-based holding structure whose ultimate holding company is an investment vehicle with power generation investments in India. The CCI's detailed order will follow.