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This is an archive article published on August 18, 2010

Can invest $1 bn in India power: Blackstone

US private equity firm Blackstone Group PLC has appetite to invest up to $1 billion...

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US private equity firm Blackstone Group PLC has appetite to invest up to $1 billion in India’s power sector over next 3-5 years,its India head,Akhil Gupta,told a news conference on Wednesday.

Blackstone earlier said,it has agreed to invest $300 million in Moser Baer Projects Pvt Ltd,an unlisted energy firm owned by Deepak Puri,who controls the listed Moser Baer India.

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