Thursday, August 6, 2009

Power companies charged up as fund tap opens
PB Jayakumar / Mumbai August 07, 2009, 0:58 IST

J Suresh Kumar, chief financial officer of the Hyderabad-based Lanco Infratech, says the lull in raising funds in the past few months is now a distant memory. “The power sector has always been rosy. There were only some temporary problems in the past few months due to liquidity issues in the global markets. That phase is over. At least 15,000 Mw of projects worth over Rs 70,000 crore will achieve financial closure in 2009-10,” he said.

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