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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek in talks to enter Indian power sector

Posted on 20 January 2010

From Themalaysianinsider.com:Temasek Holdings — which recently exited the Singapore power industry by selling the three biggest generating companies here — may now be entering the power sector of Asian powerhouse India.

Indian conglomerate GMR Infrastructure — which has been trying to establish a presence in Singapore’s energy sector and earlier bid for the gencos here — is reportedly in advanced talks with Temasek to raise US$150 million by selling shares in its power unit GMR Energy……………………………….Full Article: Source

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