03 March 2014
Greenko Group plc
("Greenko" or "the Company")
Directorate Change
Greenko, the Indian developer, owner and operator of clean energy projects, today announces that after eight years on its board, Dr Vivek Tandon will be stepping down as a non-executive director on the
7th March 2014, due to the increasing demands on his time from his other directorships. Dr Tandon was
instrumental in shaping Greenko in its early days, helping guide the Company from inception, both as a board member and an investor on behalf of Aloe Environment Fund, and later with Aloe Environment Fund II and Green Investment Asia Sustainability Fund.
1,000 people, led by a passionate and hard-working management team. I would like to thank Anil
Chalamalasetty and Mahesh Kolli for their entrepreneurial spirit and their friendship."
-Ends-
For further information please visit www.greenkogroup.comor call:
Anil Chalamalasetty / Mahesh Kolli +44 (0)20 7920 3150
Vasudeva Rao Kaipa / Mark Thompson
Richard Day / Adrian Trimmings +44 (0)20 7614 5917
Investec Bank plcJeremy Ellis / Gary Clarence +44 (0)20 7597 4000
Tavistock CommunicationsMatt Ridsdale / Mike Bartlett +44 (0)20 7920 3150
About Greenko
Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and hydropower projects across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value.
Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies. The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018.
With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure.
Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO)
in November 2007.
Aloe Private Equity is a private equity investment company founded in 2004 by Dr Vivek Tandon and Jean-Pascal Tranié. It specialises in environmental and socially sustainable investments, with a primary focus on investing in companies developing technologies in the sectors of clean energy, waste recycling and eco-process. Aloe has raised and currently managed three environmental funds. In 2011, Aloe Group won the title of Sustainable Asset Manager of the Year of the FT/IFC Sustainable Finance Awards and in
2012 won the award for Sustainable Investment of the Year. The company's operations cover both
Europe and Asia. At the present, the firm has offices in the UK, France, India and China.
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