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Article: INDIA: JOINT VENTURE CONSTRUCTION PLANS FOR PROPOSED $460,000,000 POWER PLANT IN ADDITION TO ANOTHER $230,00,000 ENERGY DEVELOPMENT PROJECT, HANJUNG, KOREA HEAVY INDUSTRIES & CONSTRUCTION CO. (HANJUNG) [SOUTH KOREA], SOUTHERN ENERGY CO. [USA] & CALCUTTA SUPPLY CO. [INDIA] - Order #: 112599.
- Article from:
- WWP-Business Opportunities in Africa & the Middle East
- Article date:
- November 1, 1999
CopyrightCOPYRIGHT 1999 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROJECT OVERVIEW:
The Philippines-based ASIAN DEVELOPMENT BANK (ADB) and the INTERNATIONAL FINANCE CORP. (IFC) of the U.S., the private sector arm of the WORLD BANK (WB), recently established a company known as BALAGARH POWER CO. to operate a couple of new power plants in India. As a result, the financial institutions have now awarded a construction contract to an international consortium.
The partners in the planned undertaking include KOREA HEAVY INDUSTRIES & CONSTRUCTION CO. (HANJUNG) of South Korea. Equity investors will reportedly include ADB SOUTHERN ENERGY of the U.S., a subsidiary of SOUTHERN CO., the local CALCUTTA SUPPLY CO. and ASIAN ...