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Fortum with having a plan to invest up to 400 million euros in solar projects in India, is aiming at greenfield plants for maximising its returns.
Sanjay Aggarwal, Fortum India Managing Director has said that “Our keenness is that we want to look at greenfield (new) projects. We want to look at National Solar Mission projects where counter party is NTPC and Solar Energy Corp (SECI).”
He has added that “When I say greenfield, I mean that our preference would not be to buy out power plants…(but) to construct our own plant because then we can extract value (earn decent profits). When we buy it from someone else then he makes money.”
