News: Taqa to invest up to $1 bln in Indian power plants

(RTR 29/11/2006) Abu Dhabi - State-controlled Abu Dhabi National Energy Co. (Taqa) will invest up to $1 billion over three to five years in a joint venture to build power plants in India, the chief executive said on Wednesday.

United Arab Emirates-based Taqa signed a joint venture agreement with India's Infrastructure Leasing & Financial Services Ltd to build power plants across India with a total capacity of as much as 7,000 megawatts, Peter Barker-Homek told Reuters in an interview.

Abu Dhabi is the largest of seven emirates in the oil-exporting UAE federation.