(EnergyAsia, June 4 2010, Friday) — Sembcorp Industries, a leading Singapore-based energy and water company, said its fully-owned utilities subsidiary, Sembcorp Utilities has agreed to acquire a 49% stake in Thermal Powertech Corporation India (TPCIL) for about Rs10.42 billion. (US$1=Rs45). Sembcorp Utilities signed a joint venture agreement with Gayatri Energy Ventures (GEVL) to acquire the…
INDIA: Singapore’s Sembcorp makes its first power project investment
Posted on June 3, 2010 by EnergyAsia