Avantha Group firm CG bags $20 million transmission infrastructure contract from Indonesia

  Avantha Group company CG has bagged a $20 million (approximately Rs 124 Crs) contract from Indonesian firm PT PLN for setting up power transmission infrastructure around Indonesia. Under the contract, CG has to set up a total of 36 transformer bays around Indonesia. This project is being funded by IBRD - World Bank and is aimed at...

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Lanco seeks restructuring of Rs 1000 crore loan of Andhra Pradesh power plants

  Lanco Group has approached lenders for restructuring of Rs 1000 Crs debt of two of it gas based power projects in Andhra Pradesh and to reschedule the repayment till January 2018. It has also sought similar reprieve from lenders for some of its power plants under Reserve Bank of India's 5/25 formula.  Lanco Kondapalli Power Limited...

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Tata Power partners with Russian Coal manger for global energy sector opportunities

    Tata Power has signed an initial agreement with Siberian Coal Energy Company (SUEK - Russia’s largest coal producer) for tapping opportunities in the energy sector.   Both Tata Power and SUEK will cooperate on identifying and targeting opportunities in the energy sector in Russia and other geographies of common interest...

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