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Meenakshi Energy Thermal Power Project

154 bytes added, 01:01, 27 May 2016
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. The planned 700 MW were reported as under construction,<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> although the proposed units are not included in the India government's 2015 list of power projects under construction.<ref>[http://www.cea.nic.in/reports/proj_mon/broad_status.pdf "Broad Status Report,"] India Central Electrical Authority, May 29, 2015</ref>
 
In February 2016 Engie sold its majority stake in the plant to India Power Corp, a Kanoria family trust entity with interests in wind and thermal power.
==Project Details==

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