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Construction : What's up | June 2016 | Source : Equipment India

Sterling and Wilson acquires 51% stake in STC Group

Sterling and Wilson (S&W), part of Shapoorji Pallonji Group and one of India┬┤s leading Solar EPC with over 1,000 MW of solar projects on ground, has acquired 51 per cent stake in STC Group, an Italian gas-based power generation business, to expand its gas-based power plant portfolio in key markets. Presently S&W has a presence in the diesel and solar power sector and this acquisition will enable it to establish a strong foothold in the gas power plant segment globally where STC Power has domain knowledge and capability of executing gas based power generation projects including gas based combined cycle power generation projects upto 200 MW capacity.
 
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