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IOCL unit eyes 50% of Fourth Partner

Mint Kolkata

October 16, 2025

this a pass given the speculative nature of the query,” an IFC spokesperson said in an emailed response.

IOC, in May, announced to invest ₹1,086 crore in Terra Clean.

(MINT)

Spokespersons for TPG, ADB and Norfund declined to comment.

Fourth Partner has 1.5GW of installed green energy capacity, with 2GW of wind and solar projects under development. With operations in Vietnam, Bangladesh, Sri Lanka and Indonesia, Fourth Partner plans to reach an installed capacity of 3.5GW by 2025. It was founded in 2010 as a solar component and engineering, procurement and construction firm.

IFC, ADB and DEG announced a $275 million equity investment in Fourth Partner in August last year. IFC invested $125 million, ADB infused $100 million and DEG put in $50 million. With a $145 million investment, Norfund is the single largest investor in Fourth Partner.

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