indian power float heavily oversubscribed

Maybe AIM is the place to go for this kind of thing? An appetite for emerging markets energy plays, strong connections to India and appreciation of renewables. £150 billion over 5 years is not an amount to be sniffed at - one of the world's greatest infrastructure build-outs going on at the same time as extremely tight coal markets.

http://business.timesonline.co.uk/tol/business/industry_sectors/utilities/article3998912.ece

May 25, 2008
Indians power to £65m float
Iain Dey

AN INDIAN electricity company has raised £65m through a float on London’s Alternative Investment Market to help tackle looming power shortages across the subcontinent.

OPG Power Ventures will begin trading on AIM this week, with a market value of £172m. Its broker, Cenkos, raised £15m more than had originally been hoped after the fundraising was heavily oversubscribed.

The funds will finance the construction of five new power plants across the provinces of Tamil Nadu and Gujarat, increasing OPG’s output from 19 megawatts to 450 megawatts in two years.

The construction boom in India comes amid a government-backed project under which £150 billion will be invested in the power market over the next five years.

OPG’s listing comes as several Indian ventures seek to raise money in London. KBC Peel Hunt is attempting to raise $75m for Indian power firm KVK and Grant Thornton is floating the KSK Emerging India Energy Fund, which is raising about £500m.