Ge Cap Not To Invest In Cogentrix Project

GE Capital will not invest in the Rs 4,100 crore Cogentrix power project.

The decision to forgo the option of picking up 10 per cent equity in the project is due to its associate company, General Electric, losing out the Cogentrix contract, involving erection, procurement and construction (EPC) of the power plant.

Instead, US-based Cogentrix is expected to pick up GE Capital