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IFC wants stake in mega power / SEZ projects

International Finance Corporation (IFC), the private equity arm of World Bank, has reportedly shown keen interest in financing the ultra mega power projects and some of the upcoming special economic zones (SEZ) in India.

IFC has already invested more than $130m in Indian companies over the past three months. The private lending arm of World Bank is considering investing $45m for a stake in Cairn India. Cairn India, the Indian arm of Cairn Energy, UK, has drawn up plans to enter the primary capital market in December 2006.

Source: ProjectsToday.com