IDFC unit signs deals for 2 power project JVs

IDFC unit signs deals for 2 power project JVs
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First Published: Tue, Jan 13 2009. 01 43 PM IST
Updated: Tue, Jan 13 2009. 01 43 PM IST
Mumbai: Infrastructure Development Finance Co Ltd said on Tuesday its unit IDFC Projects Ltd has signed two deals with Bharat Heavy Electricals Ltd and Gujarat State Energy Co Ltd.
It would build, own and operate a 3,200 mega watt thermal power project in association with Bhel in two phases.
IDFC Projects would also set up another 10 mega watt solar power project, it said in a statement.
Bhel would hold 26% in the thermal power joint venture, while IDFC Projects and its associates would hold 48%, it said.
In the solar power project, IDFC Projects would would hold 49% in the joint venture, while Gujarat State Energy would hold 51%, it added.
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First Published: Tue, Jan 13 2009. 01 43 PM IST