CVCI and IDFC Alternatives are the investors in Suzlon, the world's fifth largest wind turbine maker.
In September 2011, Petronas acquired 30% stake in the GMR venture for $38.52 million.
The current project is part of a cross-border transmission line between Nepal and India, to facilitate up to 1,000 MW of power trade.
Investors in Central UP Gas include PE firms IL&FS Investment Managers and IDFC PE with 15% stake each while Asian Development Bank holds around 20%.
Although the government has sold shares in other PSUs this fiscal, NTPC share sale is the biggest since it sold shares of ONGC last March.
It will strengthen GAIL’s position in the energy value chain as it currently has large presence in mid and downstream assets within India.
The cabinet approved a 9.5% stake sale in NTPC, which could raise as much as $2.3B, to help rein in its ballooning fiscal deficit.
The current deal follows Greenko’s acquisition of a 32 MW cluster of operating hydro projects in Himachal in April 2012.
Equis invests in energy and infrastructure sectors across Asia and is currently raising $750 million for its debut fund.
State-owned China Datang has generating capacity of 105,896 MW or more than half of the total power generation capacity of all producers in India.
RECENT COMMENTS
UPCOMING EVENTSchinetwork