GMR Infrastructure is expected to sell a 30% stake in its Singapore-based Island Power. The company acquired 100% ownership in Island Power in 2009 from InterGen, in which it bought 50% stake in 2008. GMR is currently constructing an 800MW natural-gas-fired plant worth $1bn an
GMR Infrastructure is expected to sell a 30% stake in its Singapore-based Island Power.
The company acquired 100% ownership in Island Power in 2009 from InterGen, in which it bought 50% stake in 2008.
GMR is currently constructing an 800MW natural-gas-fired plant worth $1bn and raised $820mn to finance the plant in July.
The company is in talks with potential investors for its stake in the power arm, reports the Financial Express.
