International Power May Expand in India, Africa to Find Growth
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International Power Plc, the U.K.- based operator of power plants on five continents, may expand into India, South Africa and Morocco, betting electricity demand in emerging markets will outstrip the U.S. and Europe.
“We think that India has got the scale, it’s got the need for inward investment and the appetite,” Chief Executive Officer Phil Cox said in an interview in London this week. “We’re in the early stages of a strategic review of the Indian market, but there are clearly a lot of big issues to consider.”