Deep Discussions: Temasek Eyes GMR

Singapore’s Temasek Holdings, one of Singapore’s sovereign wealth funds, is keen on India, particularly in energy infrastructure. The sovereign fund is looking at Indian power producers and GMR Group seems to fill the description. The sovereign fund is betting Indian utilities will increase electricity generation in the next half decade to overcome power shortages plaguing India.

Temasek manages nearly US$ 123 billion in assets.

“We are in advanced discussions with GMR,” Wong Kim Yin, managing director for energy investments at Temasek, told reporters at a power conference in Singapore today. “We are trying to get exposure to the domestic India markets.”

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