China Huaneng to Buy Stake in Power Company BY SATISH SARANGARAJAN

MUMBAI—China Huaneng Group agreed to buy India-based GMR Group's 50% stake in a U.S.-based power-generation company for $1.23 billion, expanding Chinese investment in overseas energy assets.

State-run China Huaneng Group is a major Chinese power producer with generation projects in China and abroad.
The deal for the stake in InterGen, announced Sunday, was one of several energy transactions in recent months involving Chinese ...http://online.wsj.com/article/SB10001424052748704700204575643672807661734.html?mod=WSJ_business_whatsNews

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