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PETRONAS TO ACQUIRE 30% STAKE IN GMR’S JURONG ISLAND POWER PLANT
India’s said it has agreed to sell a 30% stake in subsidiary GMR Energy Singapore Pte Ltd (GMRE) to Petronas International Corporation Ltd (PICL), a wholly-owned subsidiary of Malaysia’s state energy company Petronas. GMRE is investing S$1.2 billion to develop an 800 MW combined cycle gas turbine (CCGT) power plant on Jurong Island in Singapore. … Read more