Moser Baer Power ties up funds for 2,520 MW thermal project in M.P.
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12/01/2011
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Hindu (New Delhi)
NEW DELHI: Moser Baer Power Projects on Tuesday announced that it had tied up for funds with Macquarie SBI Infrastructure for funding the first phase of its 2,520 MW thermal power project at Anuppur in Madhya Pradesh by offering the latter minority stake in the project.
First phase
Addressing a press conference here, company Promoter Deepak Puri said Macquarie SBI Infrastructure would invest Rs.580 crore for developing the first phase of 1,200 MW of the Anuppur power plant.
MB Power Madhya Pradesh Ltd., a subsidiary of Moser Baer Projects, is developing a 2,520 MW thermal power plant in multiple phases at Anuppur in Madhya Pradesh with an investment of Rs.13,700 crore.