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News Brief | January 2017

Virtuaal Infra Power signs agreement with InfraCo Asia

Green energy developer Virtuaal Infra Power Pvt Ltd (VIPL) has announced its association with Singapore based Infra Co Asia Development Pte. Ltd. The association will help Virtuaal Infra power in producing renewable energy in north-eastern state of Arunachal Pradesh. The signing of joint investment and development agreements will also see InfraCo Asia make its first foray into sustainably developing projects within India┬┤s renewable energy sector. The two Compulsory Convertible Debenture (CCD) facilities of up to $1.8 Million and $3.2 million will support Virtuaal in the development of two Run-of-River Small Hydro Projects in Arunachal Pradesh. The company will be producing 23 MW and 14.5 MW energy through its Keyi Hydro Power Project and Pareng Hydro Power Project respectively in the state.
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