Orient Green sells Maharashtra biomass plant to Singapore firm for ₹81 crore.

Orient Green Power Company (NSE: GREENPOWER) will get ₹81 crore from the sale of its 20 MW biomass plant near Kolhapur (Maharashtra), to Singapore-based Sindicatum Captive Power. The Kolhapur plant is one of the five-six (out 12 owned) that Orient Green intends to sell.

Sindicatum is a renewable energy company that has solar, biomass and waste-to-energy assets in Asia. It owns two bagasse-fired plants in Uttar Pradesh with a capacity of 60 MW and is building another similar 15 MW plant in Punjab.

HBL