[image: Gemac Energy Plans Rs.600 Cr PE Funding]<http://www.dealcurry.com/20100524-Gemac-Energy-Plans-Rs-600-Cr-PE-Funding.htm>
Chennai based *Gemac Group’s* power sector engineering, procurement and construction (EPC) company, *Gemac Energy Ltd*, is planning to raise around Rs.600 Cr from a private equity fund to support its proposed Rs.6,000 crore coal-based thermal power plant in the state with a total capacity of 1,320 Mw in Tamil Nadu. The entire investment of Rs.6000 Cr will be funded through 80:20 debt-equity. It will be funded with bank loans (80%), promoters’ equity (10%) and private equity (10%). Gemac Energy has recently signed two MoU’s for setting up two power plants in Gujarat. One with *Urok group* to set up 2×660 MW coal based plant near Pipava Port and the other with *Kaneria group *for a 2×250 MW gas based plant near Surat. Recently, Gemac Energy entered into an agreement with a major Chinese company *Shandong Electric Power Engineering Consulting Institute Corporation Ltd *to provide engineering procurement and construction (EPC) services to the power industry in India. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
