New Delhi, Aug 18 (IANS) Optical media equipment major Moser Baer’s power subsidiary Moser Baer Projects Private Limited (MBPPL) Wednesday said it has attracted an investment of Rs.1,350 crore from Blackstone.
The company, which is building a number of thermal, solar and hydro power projects, plans to commission 5,000 MW by 2016.
‘This will enable us to deliver reliable and affordable power that India needs to support its continued economic growth,’ said MBPPL Founder Deepak Puri.
Blackstone officials said the energy sector is an attracttive long-term investment destination.
‘Infrastructure development continues to remain one of our key investment themes in India. We look forward to help them replicate their success as a manufacturer of optical media and solar panels in building one of India’s leading power companies,’ said Akhil Gupta, Blacktone chairman.
