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Current Affairs - 2019
Who received a letter of intent to acquire Korba West Power Company Ltd?
A)
Reliance Power
B)
Adani Power
C)
Tata Power
D)
None of the above

Correct Answer : Option (B) - Adani Power


Adani Power received a letter of intent (LoI) to acquire debt-laden Korba West Power Company Ltd. (KWPCL). The committee of creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power. KWPCL owns and operates a 600 megawatt thermal power plant in Raigarh district in Chhattisgarh.

Published On : July 11, 2021
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