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GMR Infrastructure Ltd. acquired 50 percent of InterGen NV for $1.1 billion, the biggest overseas energy acquisition by an Indian company.
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InterGen, Dutch Power Company, has a total gross capacity of 12,766 megawatts, including 4,680 megawatts of projects under development
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After this stake, GMR can access InterGen's 12 operating power plants in the U.K., the Netherlands, Mexico, Australia and the Philippines
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Mr G.M. Rao, chairman of the GMR Group said that this acquisition will provide a platform to expand in InterGen's existing geographies and new geographies.
