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India's PVP Ventures Plans $1 Billion Investment in Power Sector, an Industrial Info News Alert

Posted on: Tuesday, 2 September 2008, 06:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- PVP Ventures Limited (BOM: 517556) (Chennai, Tamil Nadu), a fast growing player in India's infrastructure sector, has announced plans to invest $1 billion to develop power projects over the next 12 to 18 months in collaboration with Malaxmi Energy Ventures (Hyderabad, Andhra Pradesh), following the proposed merger of the two firms. The new power projects would be set up by a newly formed subsidiary, PVP Malaxmi Energy Ventures, which will oversee the development of power projects with a total capacity of 8,000 megawatts (MW) over the next five to seven years.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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SOURCE: Industrial Info Resources

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