Dive Summary:
- Reliance Power Ltd. and China Datang Corp have agreed to develop energy projects together in India and other markets.
- The Mumbai-based company's deal with Datang will see assistance with coal mines Indonesia, as well as power plants in India and elsewhere.
- Reliance has previously secured more than $1.1 billion in financing from Chinese banks and worked with other China-based companies to secure billions of dollars in equipment and services.
From the article:
Reliance Power Ltd. (532939.BY) has signed an initial agreement with China Datang Corp. to develop and operate power and other energy projects in India and overseas, the latest in a series of deals which the Mumbai-based power producer has signed with companies in Beijing in recent years.
The strategic partnership includes developing Reliance's coal mines in Indonesia and providing operations and maintenance services for power plants in India and other markets, the Indian power producer said in a statement. ...