GMR Infra Sells 30% In Singapore Unit To Petronas
Advertisement

GMR Infra Sells 30% In Singapore Unit To Petronas

By Reuters

  • 26 Sep 2011

GMR Infrastructure said on Monday it agreed to sell a 30 per cent 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

Share article on

Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News