A brief history of the Company….
Click on the year to see what we achieved
2012
2011
2010
2009
2008
2007
Theni converted to GCPP
The group successfully converted the Theni project to Group Captive, selling power to industrial customers as opposed to the local state electricity board.
First GCPP to be approved for project finance
Indian Energy was the first IPP to be granted approval for project finance from State Bank of India for a group captive project.
The group successfully converted the Theni project to Group Captive, selling power to industrial customers as opposed to the local state electricity board.
First GCPP to be approved for project finance
Indian Energy was the first IPP to be granted approval for project finance from State Bank of India for a group captive project.
A first for securitisation
We were the first IPP in Tamil Nadu to be granted approval for using agricultural land as security for its project financing.
Acquisition by IIP
In September 2011, Indian Energy was acquired by Infrastructure India plc under a Scheme of Arrangement.
We were the first IPP in Tamil Nadu to be granted approval for using agricultural land as security for its project financing.
Acquisition by IIP
In September 2011, Indian Energy was acquired by Infrastructure India plc under a Scheme of Arrangement.
Theni project finance closure
Indian Energy achieved project finance closure with State Bank of India within a period of 8 weeks from initial submission.
First turbines commissioned at Theni
We achieved commissioning of the first three turbines at Theni within 8 weeks of commencing work.
Theni CoD
The project achieved full commissioning in August 2010, within its budgeted construction schedule.
Indian Energy achieved project finance closure with State Bank of India within a period of 8 weeks from initial submission.
First turbines commissioned at Theni
We achieved commissioning of the first three turbines at Theni within 8 weeks of commencing work.
Theni CoD
The project achieved full commissioning in August 2010, within its budgeted construction schedule.
Gadag Project CoD
The group's first project achieved final commissioning in February 2009
IPO on AiM
Indian Energy successfully completed an initial public offering on the Alternative Investment Market of the London Stock Exchange in September 2009. We were one of only two operating companies to raise capital on AIM in 2009.
Theni Project commences…
The group commenced construction at our second project at Theni in December 2009.
The group's first project achieved final commissioning in February 2009
IPO on AiM
Indian Energy successfully completed an initial public offering on the Alternative Investment Market of the London Stock Exchange in September 2009. We were one of only two operating companies to raise capital on AIM in 2009.
Theni Project commences…
The group commenced construction at our second project at Theni in December 2009.
Gadag commences…
EPC work starts early 2008 at the Gadag Project
First non-recourse project finance
Indian Energy was the first IPP in India to close a non-recourse loan with an Indian lender for project financing a wind farm. This was arranged by SBI Capital Markets and funded by State Bank of India.
EPC work starts early 2008 at the Gadag Project
First non-recourse project finance
Indian Energy was the first IPP in India to close a non-recourse loan with an Indian lender for project financing a wind farm. This was arranged by SBI Capital Markets and funded by State Bank of India.
Group Founded
Indian Energy was founded in early 2007 by professionals with backgrounds in renewable energy, emerging markets and corporate finance.
Pre-IPO Funding
The company successfully completed an initial financing round in June 2007 raising GBP 10 million from various institutional and private investors
Gadag Project commences…
The group commenced the development of its first project at Gadag in late 2007 with EPC work starting early 2008
Indian Energy was founded in early 2007 by professionals with backgrounds in renewable energy, emerging markets and corporate finance.
Pre-IPO Funding
The company successfully completed an initial financing round in June 2007 raising GBP 10 million from various institutional and private investors
Gadag Project commences…
The group commenced the development of its first project at Gadag in late 2007 with EPC work starting early 2008