GE Energy Financial Services, a unit of GE, has acquired nearly 26%
stake in Sayi Power Energy that is the majority owner of KSK Power
Venture. The company did not divulge financial details of the
â€œThis transaction reinforces GE Energy Financial Servicesâ€™ growth in Indiaâ€™s power market,â€ said GE Energy financial services India managing director Raghuveer Kurada.
Earlier this year, GE Energy Financial Services made a debt investment of $17 million to Binani Cement for construction of a 22.3 mw thermal power plant and associated common utilities in Rajasthan.
KSK, which develops and owns downstream energy assets throughout India, is the countryâ€™s first power generation company to be listed overseas; its shares trade on the London Stock Exchangeâ€™s Alternate Investment Market. KSKâ€™s portfolio of existing and future power generation assets is diversified across fuel types throughout India. The company has accumulated eight projects in operation or under construction, representing 875 mw of capacity. KSKâ€™s pipeline of future projects totals 3,200 mw and is expected to come on line by 2012.
Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More
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