28 Aug '15, 2pm

Adani MoU with SunEdison remains alive

‘The MoU signed with SunEdison on December 30, 2014 is still subsisting,’ said Adani Enterprises. Image: SunEdison Indian conglomerate Adani Enterprises said in a financial filing in response to a query by Indian exchange, BSE, that its MoU with SunEdison that includes a US$3 billion JV investment in PV manufacturing facilities in India remained "subsisting". The response from Adani was primarily due to a Reuters story that said people close to the company and dealings said they had switched focus and started discussions for investment in the manufacturing plant with Softbank and Foxconn instead. "The MoU signed with SunEdison on December 30, 2014 is still subsisting," said Adani Enterprises in a financial filing, indicating the MoU remained simply in existence. SunEdison has made no public statement in connection with the MoU since its signing, or with a similar MoU it si...

Full article: http://www.pv-tech.org/news/adani_mou_with_sunedison_rema...

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