3i announces $182 million GVK Energy investment
3i Group has announced a $182 million investment from its 3i India Infrastructure Fund as leader in a total RS1200 crore ($260 million) funding round for GVK Energy Ltd., a subsidiary of leading Indian infrastructure developer GVK Power and Infrastructure Ltd. (GVKPIL), picking up a total 21.1% stake in the subsidiary.
GVK Energy has a current capacity of some 901MW, with a further 4200MW under development, and claims to have created India's first privately-owned power plant. 3i's investment amount is slightly below...
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