IBLJ – GMR Infrastructure acquires 50% stake in InterGen


In the largest acquisition of a global energy utility by an Indian company, GMR Infrastructure in June agreed to buy a 50% stake in the global power generation company InterGen for US$1.1 billion.

InterGen has stakes in 12 operating power plants, including one under construction, with a gross capacity of 8,258 MW and 4,822 MW of assets under development. The average age of its operating plants is 5.5 years.

GMR said its purchase of a stake in InterGen will give it global clout and allow it to compete for major Indian projects.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.