Nicosia, Nov 18 : Gaz de France, which is a major energy player in Europe, has acquired 45 per cent stake in the Alam El Shawish West licence in Egypt from Greek company Vegas Oil and Gas.

Indian Oil Minister Murl

New Delhi: Sonia Gandhi, UPA Chai

New Delhi: Power Grid Corporation Limited (PGCIL) has announced publicly that it would set up base in Dubai, and is also considering 20 percent stake in Philippines National Transmission Company for $800 million.

While discussing the growing prospects and added plans, R.P. Singh, PGCIL Chairman and Managing Director stated that the scheme to build up a base in Dubai was to target West Asian projects that are liked to consultancy and infrastructure.

Additionally, Mr. Singh said that the company was looking at Saudi Arabia and Africa, comprising South Africa for running system operations and handling transmission and distribution projects.