GMR has acquired 50 percent ownership of InterGen

Major Infrastructure GMR Infrastructure Ltd. said Tuesday that a total of $ 1.232 billion for Chinahuaneng Group (CHG) 50 per cent stake in the company InterGen power generation world full assignment

major infrastructure projects was in November last year 50 per hundred percent in InterGen NV for its CHG, the largest electricity generation company in China announced the agreement on removal. InterGen power of 8146 MW in total with a total capacity of Great Britain, Holland, Mexico, Philippines and Australia with a power plant located in the business world.

GMR has acquired 50 percent ownership of InterGen NV for 1.13 billion dollars in shares in October 2008.

Upon completion, Huaneng Group is one of the Ontario Teachers Pension Plan '(teachers) owns InterGen with. Teachers since 2005, InterGen owns a 50 per cent. BofA Merrill Lynch Global Energy and Power Group and White & Case LLP as financial advisors and lawyers have acted in reliance on GMR.

Transaction, the Group Chairman, GMR Group, said after GM Rao said, "InterGen for us, our main market, where the value of a register of infrastructure project exceptional track record in development based on increased capacity the rules for the sale of our interests is creation. We are confident of a strong shareholder Huaneng InterGen as it continues to the next phase of its growth plans are available.

Var 50 per cent for the purchase of InterGen President and CEO Neil H. Smith responded said: "We are pleased that China Huaneng Group has made this investment in InterGen.

Chg InterGen a celebrity as they were in Australia we have a partner since 2003, and we look forward to strengthening cooperation and positive collaboration we had with them to watch, "he said.