Saudi Group joins consortium for in $4.5 billion Indian project
The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whose group has built 17 power plants in Saudi Arabia and abroad.
A Saudi-American-Chinese consortium has proposed to build a coal-fired power plant in the newly created Indian state of Telangana at an investment of nearly $4.5 billion.
The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whos group has built 17 power plants in Saudi Arabia and abroad including Turkey, reported the Arab News.
Al-Abideen said the proposed power plant, which would cost anywhere between $3 billion and $4.5 billion, will generate between 2,500 and 3,500 megawatts (MW) of power.
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