(EnergyAsia, July 15 2010, Thursday) — Reliance Power, owned by Indian billionaire Anil Ambani, has agreed to acquire three coal mines from Indonesia’s Sugico Group for as much as US$1.6 billion. A wholly-owned unit of the Indian firm, Reliance Coal Resources, will pay 5 billion rupees up front and the balance upon the mines meeting…
INDIA: Reliance Power acquires three coal mines from Indonesian group
Posted on July 14, 2010 by EnergyAsia