Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Power Energy |
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| 04/30/2010 09:30:00 AM |
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The State-owned Karnataka Power Corporation Ltd has commenced a plan to disinvest 16-26% of its equity to part-fund new generation projects that may cost over Rs40,000 crore in the next three years, its Managing Director, Dr S M Jaamdar, said. |
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KPCL's new projects are aimed at creating 8200 MW of power through 2013. “This is an explosive expansion. We are seriously thinking of divesting equity [in the company]. We have not decided as to how much and when,†he said.
The method would be decided after SBI Capital Markets gave its report in the next three months.
KPCL traditionally followed a 20:80 equity-debt pattern.
By that measure and including the State Government's allocation of Rs 500 crore each over five years from fiscal 2009, it may need to raise Rs 4,000-5,000 crore at the maximum by disinvesting, he said.
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