Universal Success Enterprises (USE), an Indian company based in Singapore, is looking for joint venture partners in Thailand power plants.

USE chairman Prasoon Mukherjee said that the strong Thai economy was boosting electricity demand, prompting USE to seek local partners for power plants. He said each new plant would generate 500 MW and would cost $700m.

At the same time, USE is looking for Thai partners to co-invest in projects in India. USE has three unused plots in India; 4900 hectares on Nayachar Island, 2000 hectares in Gujarat, and 1200 hectares in Bengal.

USE is building four power plants in India due for completion in 2014, with five more planned. The combined capacity of these nine plants will be 6000 MW in 2015.

For more Asia news click here.