Petronas Takes 30% Stake in GMR Energy Singapore
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Wednesday, 28 September 2011 |
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GMR
Infrastructure has decided to sell a 30% stake in its unit GMR Energy
Singapore Pte Ltd to Petronas International Corp, which is a unit of
Malaysian state-run oil company Petronas.
The financial details of the deal has not been revealed yet. GMR Energy is developing an 800 megawatt, gas-based power project on Jurong Island in Singapore. It will be established by a consortium including Siemens and Samsung. PetrolWorld 270911
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