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INDIA: Joint venture construction plans for proposed $913,000,000 power station move ahead including 9,000 Mw power generating capacity expansion project, TATA POWER CO. (TPC) & DAMODAR VALLEY CORP. (DVC) [India] Order #: 104805.
From:
WWP-Business Opportunities in Asia & the Pacific
| Date:
October 1, 2005
| COPYRIGHT 2005 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
|
PROJECT OVERVIEW:
Subsequent to months of squabbling about its shareholding structure an Indian joint venture that teams-up TATA POWER CO. (TPC) and DAMODAR VALLEY CORP. (DVC). has finally signed a memorandum of understanding (MOU) regarding the planned power project. According to the terms of the MOU, TPC will hold a 74% stake in the venture while DVC will own the balance of the equity.
In so doing, the partners intend to establish a jointly owned company, known as MAITHON POWER LTD., to implement the project. Construction plans under consideration call for building a ...
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