GE Energy, Brookfield pull out of power deal

GE Energy, Brookfield pull out of power deal
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First Published: Fri, Dec 11 2009. 10 59 PM IST
Updated: Fri, Dec 11 2009. 10 59 PM IST
New Delhi: GE Energy Financial Services and Brookfield Renewable Power Inc. have withdrawn from a green energy joint venture with India’s largest power producer.
Toronto-based Brookfield and GE Energy Finance, a unit of General Electric Co., based in Fairfield, Connecticut, pulled out of the venture with NTPC Ltd. because of unfavorable market conditions, Bharatsinh Solanki, the junior power minister, told parliament on Friday.
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First Published: Fri, Dec 11 2009. 10 59 PM IST
More Topics: GE Power | NTPC Ltd | Power | Energy | Corporate News |