Macquarie SBI Infrastructure Fund (MSIF) and the State Bank Of India (SBI) on
behalf of the SBI Macquarie Infrastructure Trust are to invest Rs 580 crore in
Moser Baer Power (Madhya Pradesh)'s (MBPMPL) power plant.
MBPMPL, a subsidiary of Moser Baer Projects is developing a 2,520 MW thermal
power plant in phases at Anuppur with an investment of Rs 13,700 crore.
Phase I of 1,200 MW is likely to cost Rs 6,240 crore. The EPC contract for
Phase I has already been awarded to Lanco Infratech and construction at the site
has commenced. The entire project is expected to be commissioned in phases by
the end of 2014.
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