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Moser Baer Projects Pvt.
Ltd, a developer of power
generation facilities with a
diverse pipeline of thermal,
solar and hydropower projects,
has attracted an investment of Rs. 1,350 crore (approximately
$300 million) from the Blackstone
Group.
MBPPL has been founded by
Deepak Puri and Ratul Puri
who had earlier established
Moser Baer India Ltd, an optical
device manufacturer.
Moser Baer Projects plans to
commission 5,000 mw of
power capacity by 2016 comprising
4,000 mw of thermal,
500 mw of solar and 500 mw
of hydropower.
Blackstone's investment will
enable MBPPL to emerge as a
leading player in the India energy
sector over the next few
years. Edelweiss acted as the
exclusive financial advisor to
MBPPL on the transaction.
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