Haldia Energy in talks with PE funds

KOLKATA: Haldia Energy, a subsidiary of CESC, is in talks with several foreign private euity funds for raising money for the three projects to be executed by the company, a CESC official said on Thursday.

Talks are going well with 8-9 foreign PE funds for raising the money, CESC Chairman Sanjiv Goenka said. He said the company plans to park 20% of its equity with PE funds at a premium of 8- 9 per share.

Haldia Energy is the holding company for the proposed power plants at Haldia (West Bengal), Chandrapur (Maharashtra) and Orissa. The Chandrapur plant would have a capacity of 600 MW (300 MW + 300 MW) and the cost involved would be 3,000 crore.