Georgia Capital Plc Acquires Hydrolea LTD Through Its Wholly Owned Subsidiary

  • Oct 29, 2019 GMT
  • Team Kalkine
  • Georgia Capital Plc (CGEO) through its wholly owned subsidiary has acquired a 100 per cent equity stake in Hydrolea LTD.
  • Hydrolea presently has a greenfield HPP project with a 19MW targeted installed capacity and it also operates three Hydro Power Plants with an installed capacity of around 21MW.
  • With the acquisition, the company’s Renewable Energy Business will have 71MW installed capacity and a pipeline of 350MW in the medium term.
  • On 29th October 2019, at the time of writing, GMT 9.00 AM, CGEO shares were trading at GBX 976.00, up by 6.00 points or 0.62 per cent against the previous day closing price.

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