Malaysian
state energy firm Petronas said Wednesday it will acquire a 30 percent stake in
GMR Energy, a Singapore-based subsidiary of India's GMR Infrastructure.
"The proposed acquisition marks Petronas' maiden venture
into the international power market... as part of its future growth
strategy," it said in a statement.
Petronas did not disclose the purchase amount.
GMR Energy is developing an 800MW gas turbine power plant on
Jurong island off Singapore.
Related story:
Source : AFP
No comments:
Post a Comment