Sembcorp Industries, a Singapore-based energy, water and marine group, has signed a conditional agreement to acquire 45 per cent stake in NCC Power Projects (NCCPP), which is currently building a 1,320-MW coal-fired power plant in Andhra Pradesh for Rs 848 crore. NCCPP is jointly owned by Gayatri Energy Ventures (GEVPL) and NCC Infrastructure Holdings (NCCIHL). Once the deal is through, Sembcorp will hold 45 per cent of NCCPP, while the remaining 55 per cent will be held by NCCIHL.NCCPP-´s upcoming plant is located on a site adjacent to Thermal Powertech Corporation India (TPCIL), Sembcorp-´s first power plant investment in India. At present, the NCCPP project is about 30 per cent completed and it is expected to come on-stream in early 2016.
FlashNews:
IIFCL Launches Strategic Document to Support Green Infra
REC Reports Record Half-Yearly Profit of ₹74.48 Billion
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Gods or Demi-Gods cannot prevent a stampede
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
RAHSTA will drive road construction innovation: Sundaresan
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Home » Sembcorp to acquire stake in NCC-Gayatri power project
Sembcorp to acquire stake in NCC-Gayatri power project
Power & New and Renewable Energy
February 1, 2014February 1, 2014
Leave a Reply
You must be logged in to post a comment.