Executive Vice President and Head of Group Business Development and Commercial at Sembcorp Industries Taan Cheng Guan told that there are waiting for approval to increase its 45 percent stake in 1,320-megawatt power plant located in Krishnapatnam in Nellore, AP.
NCC Infrastructure Holding Ltd, jointly with Gayathri Energy Ventures Pvt Ltd, is building the plant which would start operation by end of next year.
After speaking to the government officials, Tan is confident that the approval should come over the next couple of months. He is very postive of increasing the stake, though he did not state as to how much the stake is to be increased to
Sembcorp’s 60 per cent owned first power plant, is expected to commence operation from end of this year.