French co Suez to invest in 4 local power projects
By TNN |
Highlights
NEW DELHI: French utilities group Suez will soon invest in four different power generation projects in India. The announcement was made after a French business delegation met the minister of state for commerce and industry Ashwani Kumar recently.
���The company is keen to set up power projects in India and of the four that it intends to develop, two are likely to come up in south India,��� the minister said after the high level meeting. Suez India���s Marc Phillipe was part of the 25-member business delegation that met Mr Kumar to discuss investment opportunities in the country.
Suez���s plans would entail mega investments in the power sector but the minister did not divulge the amount of investment that the company proposes to make in India. The locations of the proposed projects were also withheld. Mr Kumar said French companies were keenly looking at investment opportunities in the country���s power and hydro power sector.
The French delegation had met the minister for heavy industries on Monday, where it had reiterated its commitment to invest in the power sector especially after the signing of the technology transfer agreement between Alstom and Bhel for super critical projects.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
