GMR Infra to sell 30 percent in Singapore unit to Petronas

GMR Infra to sell 30 percent in Singapore unit to Petronas

FP Archives December 20, 2014, 04:33:03 IST

GMR Energy is developing an 800 megawatt, gas-based power project on Jurong Island, Singapore, which will be set up by a consortium consisting of Siemens and Samsung.

Advertisement
GMR Infra to sell 30 percent in Singapore unit to Petronas

GMR Infrastructure said on Monday it agreed to sell a 30 percent stake in its unit GMR Energy (Singapore) Pte Ltd to Petronas International Corp, a unit of Malaysian state-run oil firm Petronas.

It did not provide financial details of the deal.

GMR Energy is developing an 800 megawatt, gas-based power project on Jurong Island, Singapore, which will be set up by a consortium consisting of Siemens and Samsung, it said in a statement.

Advertisement

Reuters

Written by FP Archives

see more

Latest News

Find us on YouTube

Subscribe

Top Shows

Vantage First Sports Fast and Factual Between The Lines