Changes

Jump to navigation Jump to search

Meenakshi Energy Thermal Power Project

608 bytes added, 14:29, 20 August 2015
Meenakshi Energy mentions additional expansion of the project to a total of 900 MW (2 x 300 MW addition) or 1000 MW (2 x 350 MW addition).<ref name=Meen>[http://www.meenakshienergy.com/ourvehiclesforimplementation.html "Our Vehicles for Implementation,"] Meenaskshi Energy website, accessed October 2013</ref> As of August 2014 the company describes the "ultimate capacity" of the project as 900 MW.<ref name=ongoing>[http://www.meenakshienergy.com/ongoinginitiatives.html "Ongoing initiatives,"] Meenakshi Energy website, accessed August 2014</ref>
In 2013 French energy company [[GDF Suez]] (later renamed [[Engie]]) spent $400 million to acquire a 74 per cent stake in Meenakshi Energy, including the Meenakshi power station. Indian developer Meenakshi Group owns the remaining 26 per cent stake. ''The Hindu'' stated a 700 MW addition to the plant was under construction and expected to be complete by March, 2015.<ref name=hindu>[http://www.thehindu.com/business/Industry/gdf-to-pick-up-74-stake-in-meenakshi-energy/article5470677.ece "GDF to pick up 74% stake in Meenakshi Energy,"] The Hindu, December 17, 2013.</ref> In August 2015 Engie said it was planning to sell its controlling stake in the Meenakshi plant. The French government, which owns a third of Engie, wants to reorient state-backed companies toward renewables, after a sustained public opposition campaign to French financing of fossil fuel projects.<ref>[http://www.bloomberg.com/news/articles/2015-08-18/engie-said-to-plan-sale-of-over-1-billion-in-asian-coal-plants "Engie Said to Plan Over $1 Billion Sale of Asian Coal Plants,"] Bloomberg, Aug 17, 2015</ref>
==Project Details==

Navigation menu