Japan's Jera picks 10% in ReNew Power for $200 million

Jera is an equal joint venture of two Japanese utilities - Tokyo Electric Power Co and Chubu Electric Power Co and operates 6GW energy assets.

By Sarita Singh, ET Bureau | Updated: Feb 14, 2017, 12.33 PM IST

New Delhi : Japan's Jera Co has picked up a 10% stake in Sumant Sinha promoted ReNew Power for $200 million.

The investment values ReNew Power at $2 billion, Sinha said on Tuesday.

across North America, the Middle East and South East Asia.

Sinha said ReNew Power has so far raised $650 million in equity from Goldman Sachs, ADB and ADIA.

The company has drawn $1.5 billion of debt so far, he said.

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