We anticipate moving quickly to complete the JV agreement with AGPL
and to initiate construction of the proposed pilot plant in the immediate future.
In exchange for a 55% ownership interest in the JV, AGPL has committed to contribute U.
Under the binding terms of the agreement, AGPL will pay a U.
In addition to providing certain funding for the JV, AGPL has also agreed to purchase a 6.
CCTI's CEO, Robin Eves, stated: "We are delighted to have signed this agreement with AGPL and agreed to restructure our transaction with Jindal.
By 2012, AGPL aims to be one of the largest non-family owned, private power company in India with more than 1350 MW of operational power assets and a development pipeline of over 10,000 MW of capacity.
Ranjit Pandit, Managing Director at General Atlantic, said, "Given its focus on renewable energy in a region with an enormous need for power, AGPL, represents an excellent platform for building a world-class company.
GA's investment in AGPL is part of a $425 million commitment from a consortium of global investors that also includes Morgan Stanley Infrastructure Partners (MSIP), Goldman Sachs, Norwest Venture Partners (NVP), Everstone Capital and PTC India Financial Services ("PFS").
Published in 2007 by the Free Software Foundation and recently endorsed by the Open Source Initiative (OSI), the AGPL expands the freedoms provided by the GPL to cover computer networks (the so-called Application Service Provider [ASP] loophole).
With the transition to the AGPL, both OpenVista CIS and Server editions are now available under a common OSI-approved license, simplifying licensing terms," said Larry Augustin, Open Source advocate and Medsphere board member.
1 are now available under the open source GNU AGPL
version 3 license as well as a WaveMaker commercial license.
combines the GNU General Public License (GNU GPL) V2 with one additional provision to address software used by the public over a network.