GDF Suez, France acquires 74% stake in Meenakshi thermal power project in Nellore

French company GDF Suez SA acquired 74% stake in the 1,000 MW coal-fired power project owned by Meenakshi Energy and Infrastructure Holdings Pvt. Ltd in Andhra Pradesh. The deal size is expected to be around Rs.650 crore.

GDF-SUEZ meenakshi energy

Meenakshi will retain 26% stake in the Rs.6,000 crore power project, fueled by imported coal. 300MW is already operational while the remaining 700MW capacity is expected to be commissioned by 2015.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s