GMR Energy inks pact with TNB Remaco for JV

GMR Energy has inked a pact with Malaysia’s TNB Repair and Maintenance Sdn Bhd (TNB Remaco) for setting up an operations and maintenance (O&M) joint venture.

“The O&M joint venture between GMR Energy and TNB Remaco will provide operation and maintenance services, performance improvement, testing and diagnostic, repair and refurbishment services for power plants in India,” according to a company statement.

For this purpose, the JV plans to set up a refurbishment and maintenance facility in India. This will be the first time that TNB Remaco shall be investing in a facility outside Malaysia.

TNB Remaco is Malaysia’s premier specialist in power plant repair and maintenance with a proven track record of over 30 years. It is the repair and maintenance arm of Tenaga Nasional Berhad (TNB), the largest power utility player in Malaysia.

TNB had recently invested $300 million (Rs 2,000 crore) in GMR Energy to take up a 30 per cent equity stake in select portfolio of GEL assets on a fully diluted basis.

Image Credit :

Research Desk

Next Post

Chhattisgarh Hydro Power starts 24 MW plant

Wed Apr 5 , 2017
Chhattisgarh Hydro Power LLP, a controlled entity of Sarda Energy & Minerals, has announced commissioning of a 24 MW Hydro Power Plant in Chhattisgarh. The company has started generation of power, and synchronized with the grid on 31 March, 2017, at its hydro power plant in Gullu, Chhattisgarh. Main Business […]
Chhattisgarh Hydro Power starts 24 MW plant


Blog Stats