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INDIA'S GMR INFRA CONSORTIUM WINS NEPAL HYDRO CONTRACT.
MUMBAI, Feb 1 Asia Pulse - GMR Infrastructure (BSE:532754) on Thursday said a consortium led by its wholly-owned subsidiary GMR Energy has secured a contract from the Nepal government to develop a 300 MW hydroelectric project in that country.
Power from the 300 MW Upper Karnali is also expected to be exported to the Northern Grid of India.
The consortium consisting of GMR Group companies and Italian-Thai Development Project Co of Thailand would set up the project on Build, Own, Operate and Transfer basis.
"A Memorandum of Understanding was signed in Kathmandu on January 24, 2007, between the parties and the government of Nepal after a Cabinet appointed four-member Negotiation Committee negotiated the MoU with the GMR led ...
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- Magazine article from: India Business Insight July 26, 2008 700+ words
...power generation company by GMR Infrastructure for $1.1 billion, will...world. Through the deal, GMR Infrastructure will be eligible to bid for ultra mega power projects. GMR Infrastructure is keen to set up projects...
- GMR Infrastructure's subsidiary acquires Indonesian firm.
- News wire article from: PTI - The Press Trust of India Ltd. February 25, 2009 700+ words
GMR Infrastructure's subsidiary acquires Indonesian firm Mumbai, Feb 25 (PTI) -- GMR Infrastructure today said it has acquired 100 per cent stake in Indonesia-based PT Barasentosa Lestari through its wholly-owned subsidiary, GMR Energy...
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- Press release article from: PR Newswire October 14, 2008 700+ words
...14 /PRNewswire/ -- InterGen announced today that GMR Infrastructure Limited has completed its previously announced acquisition...from AIG Highstar Capital II, L.P. and affiliates. GMR Infrastructure Limited now jointly owns InterGen with the Ontario Teachers...
Source: HighBeam Research, INDIA'S GMR INFRA CONSORTIUM WINS NEPAL HYDRO CONTRACT.