O2 Power is acquiring how much per cent stake in Hero Future Energies Pvt. Ltd’s special purpose vehicle (SPV)--Clean Solar Power Bhainsada, which is setting up a 250 megawatt (MW) solar capacity in Rajasthan?

O2 Power is acquiring how much per cent stake in Hero Future Energies Pvt. Ltd’s special purpose vehicle (SPV)--Clean Solar Power Bhainsada, which is setting up a 250 megawatt (MW) solar capacity in Rajasthan? Correct Answer 49

The correct answer is 49%.

  • O2 Power is acquiring a 49% stake in Hero Future Energies Pvt. Ltd’s special purpose vehicle (SPV)--Clean Solar Power Bhainsada, which is setting up a 250 megawatt (MW) solar capacity in Rajasthan.
  • The SPV won this project by quoting a tariff of Rs2.53 per unit and has a 25-year power purchase agreement (PPA) with state-run Solar Energy Corporation of India (SECI).
  • This sale is part of the transaction for which Hero Future Energies has mandated HSBC to sell 500 MW of pre-construction assets.

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