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October 1, 2008

Hindujas begin work on $15 billion power plan in India

PARIS: The London-based Hinduja conglomerate has begun work on the 15-billion dollar investment plan for India's power sector that will result in generating 10,000 MW for the national electricity grid.

"These are the initial phases of a plan to develop, over the next few years, a pipeline of power projects aiming at a capacity of 10,000 MW. This means a total investment of some 15 billion dollars," the Hinduja Group head in France Nader Hakimi said here last evening.

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Posted by boyang at October 1, 2008 9:19 PM