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Business News/ Companies / GE Energy, Brookfield pull out of power deal
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GE Energy, Brookfield pull out of power deal

Bloomberg

GE Energy, Brookfield pull out of power deal

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New Delhi: GE Energy Financial Services and Brookfield Renewable Power Inc. have withdrawn from a green energy joint venture with India’s largest power producer.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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Published: 11 Dec 2009, 10:59 PM IST
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