RattanIndia Power to bid for coal blocks to revive units

MUMBAI: With the government expected to put 74 coal blocks on e-auction soon, most of them operational, RattanIndia Power has decided to participate in the bidding so as to revive its nearly 2,700-mw worth of projects it had earlier shelved for want of fuel. RattanIndia Power, erstwhile Indiabulls Power, had put on hold the second phase of two of its projects in Maharashtra - one each in Amravati and Nashik - since 2011 for want of coal and power purchase agreements (PPA) with distribution companies.

November 9, 2014, The Economic Times