According to reports, B R Punj-promoted Fedders Lloyd Corporation Ltd (FLC) is in the initial stage of discussions with US-based Invenergy LLC, a wind power generation company for developing wind farm projects in India and African countries like Tanzania and Kenya, a senior official of the company informed.
FLC is looking for an equity partnership with Invenergy for an investment of around Rs 2,000 crore for wind farms.
“We are considering a foray into wind farm business and have initiated talks with US-based Invenergy for a partnership. Besides India, inquiries have also started pouring in from African countries such as Tanzania and Kenya. This would attract investments to the tune of Rs 2,000 crore and we are looking for an equity partnership with the US firm,” said N D Jain, head-wind energy business, Fedders Lloyd Corporation Ltd.
The first round of negotiations with Invenergy was held earlier this year and the company expects to finalise the deal in the next round of talks, scheduled to take place in June 2012.