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