Arcapita to invest in China
- Bahrain: Tuesday, July 08 - 2008 at 08:06
Bahrain-based Arcapita Bank has formed a venture with a unit of India's Tanti group to invest $2bn to develop wind power farms in China, reported Bloomberg. Arcapita and Colossus Holdings, the Singapore-based holding company of the Tanti Group that owns 66% in the world's fifth-biggest maker of wind turbines, will set up 1,650 megawatt of wind-power generating capacity in the Inner Mongolia region of China.
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Jeff Florian, Senior Reporter



