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GMR Infra to sell 30 percent in Singapore unit to Petronas
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  • 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
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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.

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GMR Infra to sell 30 percent in Singapore unit to Petronas

[caption id=“attachment_92861” align=“alignleft” width=“380” caption=“Reuters”] ![](https://images.firstpost.com/wp-content/uploads/2011/09/infra13.jpg "infra1") [/caption]

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.

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