Private equity firm Blackstone Group is planning to commit a total of around $111 million in independent power producer VISA Power. The company will use the proceeds to develop its power projects in the Indian states of Madhya Pradesh, Jharkhand and Gujarat. VISA Power is part of the $1.1 billion VISA Group, which is a minerals, metals and energy conglomerate. Blackstone is seeking to raise between $2 billion and $3 billion for its recently-launched energy fund.

Click here for the release from Blackstone.