Temasek may pick stake in GMR power arm

Singapores Temasek Holdings is in advanced discussions with Indias GMR Infrastructure to buy a stake in its energy unit,which operates three power plants with a combined capacity of 822mw.

Temasek managing director for investment Wong Kim Yin said the investment in GMR would focus its exposure in Indian power market. He,however,declined to elaborate on the amount of potential investment.

Temasek is also speaking with 8220;a number8221; of other Indian companies about energy investments,Singapore Radio 8220;93.8 Live8221; cited Wong as saying on the sidelines of the Power amp; Electricity World Asia Conference.