20.12.2010 - GIC backs GVK Energy with US$154mln investment
Emerging markets private equity investor Actis, and an affiliate of the Government of Singapore Investment Corporation (GIC), announced an investment each of US$77m in one of India's leading power developers, GVK Energy. GVK Energy, a wholly owned subsidiary of GVK Power and Infrastructure Limited ('GVKPIL') is one of the first private sector developers in India. GVK's power portfolio comprises an operational capacity of 909 MW with a further 4200 MW in various stages of development. This funding round enables GVK Energy to further develop, construct and operate power plants in India...........................................Full Press Release: Source
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