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India's GMR Inks $530M Singapore Power Project Stake Sale

By Karlee Weinmann ( March 5, 2013, 4:00 PM EST) -- Indian infrastructure developer GMR Group divested its stake in an 800-megawatt Singapore power-generation project in a S$660 million (US$530 million) sale to a joint venture between Hong Kong holding company First Pacific Co. Ltd and Meralco Powergen Corp. , the buyer said late Monday. . . .

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