Sembcorp Industries raised its stake in India power plant

摘要

Sembcorp Industries (SCI) has raised its stake in the JV power plant Thermal Powertech Corporation India (TPCIL) to 60% from 49% previously. The total investment for the incremental 16% stake is close to S$84m. SCI has injected a total investment of S$377m in TPCIL, now a subsidiary of of the former. TPCIL is a 1320 MW(2x 660MW units) coal-fired power plant located near the coast of the Bay of Bengal, in Krishnapatnam in Andhra Pradesh.