Tata Power has once again lost the bid for acquiring the stake of Temasek Holdings in Singapore''s largest power generating firm Senoko Power, to Japan''s Marubeni which agreed to pay nearly $2.5 billion in cash.
After losing out Tuas Power and Senoko Power in a row, company sources tell NDTV that the Indian power major is all set to bid for PowerSeraya, Singapore''s third power utility also owned by Temasek which is up for sale. PowerSeraya has a generation capacity of 3100 megawatts slightly lower than Senoko. It is believed that not just Tatas but its arch rival Reliance Power and GMR may also bid for PowerSeraya. Senoko may be out of Tata Power''s reach but all hopes are now on PowerSeraya. In this process Tata Power may emerge stronger in a bid to realise its first step to become a global power generation company.
After losing out Tuas Power and Senoko Power in a row, company sources tell NDTV that the Indian power major is all set to bid for PowerSeraya, Singapore''s third power utility also owned by Temasek which is up for sale. PowerSeraya has a generation capacity of 3100 megawatts slightly lower than Senoko. It is believed that not just Tatas but its arch rival Reliance Power and GMR may also bid for PowerSeraya. Senoko may be out of Tata Power''s reach but all hopes are now on PowerSeraya. In this process Tata Power may emerge stronger in a bid to realise its first step to become a global power generation company.
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