Indian Power Sector may see $1 billion from PE Investors

By admin • December 15th, 2010

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Private equity investors could set out $1 billion for the Indian power sector during the next six months, according to Kotak Mahindra Capital.

The investments are expected to range between $50-$250 million in various group holding companies and subsidiaries, which are expected to be unlisted and have strong growth prospects. The energy sector did fumble last year with 21 investments worth $560 million recorded this time last year, but has picked up this year with 22 investments worth $2 billion to November 2010.

Global funds including General Atlantic, Goldman Sachs, Morgan Stanley, Everstone, Norwest, Olympus Capital, 3i, Temasek, IDFC PE, Argonaut and Ascent Capital have been the bigger investors in power companies such as Asian Genco, Tata Ultra Mega, GVK Energy and GMR Energy.

With India aiming for high growth, the power sector is seen as one of the most stable entity for PE investors and PE investors are expected high returns from the power companies which have strong profiles.

International Government Affairs & Corporate Relations Consultants for Emerging Markets

 

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