Kundan Green Energy Private Limited has acquired a 24.81 MW hydro power plant situated at Himachal Pradesh from Goodwill Energy Enterprise on a slump sale basis.

Areete Law Offices acted as a sole legal and tax advisor to Goodwill Energy Enterprise and Kundan Green Energy.

The transaction team consisted of Amit Singhania (Partner) and Hitesh Jangra (Associate).

Goodwill Energy Enterprise has been in business of generation of hydro power for over a decade. The acquisition of Hydro Power Plant, is a milestone for the Kundan Green Energy Private Limited, in its endeavour to acquire and consolidate green energy assets.

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