Asian Genco Pte Ltd ( AGPL) was incorporated in January 2007 under the Singapore Laws. The AGPL is engaged in developing a Power portfolio of Hydro, Thermal and Non-Conventional Power generation assets. The projects include three Hydel power projects in the states of Himachal Pradesh and Sikkim, one Gas based & one Coal based thermal power projects in the State of Andhra Pradesh and a Wind farm in the state of Gujarat. AGPL through its subsidiaries hold controlling stakes in each of the Special Purpose Vehicles (SPV) that are developing / operating the above assets. Asian Genco's board members and senior management includes very senior past policy makers, bureaucrats, sector experts and successful CEOs of large corporations with Mr. Vijay Kumar T V- as Chairman and Mr. Krishna V Tatineni as Vice Chairman
Asian Infratech Pte Ltd is wholly owned subsidiary of AGPL and holds a controlling interest in Energy Infratech Pvt. Ltd, having offices in Delhi, Gurgaon, Himachal Pradesh, Sikkim, Andhra Pradesh and Chhattisgarh.
Energy Infratech Pvt. Ltd,( EIPL)- One of the projects being handled by Energy Infratech Pvt. Ltd is the coal based 2640 MW Bhavanapadu Thermal Power Plant of East Coast Energy Pvt.Ltd (ECEPL) at Kakarapalli village of Srikakulam Dt. in AP State. The Asian Genco (AGPL) owns 51% of the Equity of ECEPL and the other partners are Athena Infraprojects Pvt.Ltd and Athena Energy Ventures (Joint Venture of IDFC, PTC India Ltd and AIP Power)
Morgan Stanley-Led Consortium To Invest $ 425M In Asian Genco-In the largest PE deal in almost two years and the largest in the power sector, Singapore-based Asian Genco Pte Ltd (AGPL), which has investments in Indian power generation assets and engineering services businesses, has raised commitments of over $425 million from a consortium of investors. The investor group, led by Morgan Stanley Infrastructure Partners ( MSIP), includes Norwest Venture Partners, General Atlantic LLC, Goldman Sachs Investment Management, Everstone Capital and others.
Source Website: www.asiangenco.com
Invisible Hand behind ECEPL?
In order to find out the real people behind the East Cost Energy Pvt. ltd, who stage managed:
a) the allotment of Govt land right in the prime Wetlands of Bhavanapadu,
b) all the clearances required for the project both from the State and Central Governments in a record time by getting the ground realities suppressed, in spite of stiff opposition to the Project, and
c) who is managing the State Administration to mobilize massive Police Force to terrorize the villagers participating in the agitation against the project, resulting in killing of two innocent villagers and injuries to many villagers in the Police Firing ,
it may be worthwhile to investigate, if there is involvement of powerful politicians in ECEPL and the background and the source of funds of people behind Asian Genco Pte Ltd and Associated Institutions/Organizations and their Credibility. ?
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CORPORATE SOCIAL RESPONSIBILITY IS ALSO THE SAME BUT THE COMPANIES SHOW IT AS A SEPARATE INITIATIVES, THIS IS NOT FAIR.
ReplyDeleteYes it is not fair to loot the public money and destroy the ecologically sensitive wetlands in the name of Corporate Social Responsibility ?
ReplyDeleteHi Rama Rao gaaru,
ReplyDeleteBelow is the link to the news item where Hyderabad police are gonna probe on AGPL:
http://economictimes.indiatimes.com/industry/energy/power/hyderabad-police-to-probe-asian-genco-case-in-seemandhra/articleshow/34874005.cms
I really doubt if they are gonna do investigation properly.