Wipro in executing Power Purchase Agreements and Equity Investment Contracts with Fourth Partner Energy Private Limited

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Sep 13, 2023

Wipro in executing Power Purchase Agreements and Equity Investment Contracts with Fourth Partner Energy Private Limited

AZB & Partners advised Wipro in executing Power Purchase Agreements and Equity Investment Contracts with Fourth Partner Energy Private Limited in relation to the setting up of solar captive power project and purchase of power from it for meeting its renewable energy demands in Karnataka. For setting up the project, Fourth Partner had incorporated a special purpose vehicle, namely, FPEL Ujwal Private Limited, in which Wipro made an investment of approximately INR 6.3 crore. This investment is set to further enhance the utilisation of renewable energy resources for Wipro’s offices located in Karnataka.
Our deal team comprised our Senior Partner Anuja Tiwari, Partner Mallika Anand and Senior Associate Sumi Trivedi from the Energy, Infrastructure and Sustainability team, and Senior Associate Adoksh Shastry and Associate Yamini Jain from the Corporate team. Special thanks to our Senior Partner Srinath Dasari for his periodic guidance.

AUTHORS & CONTRIBUTORS

Partner:
Anuja Tiwari
Mallika Anand
Associates:
Sumi Trivedi

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