Gurgaon-based infrastructure company Lanco Infratech has partnered with Indonesian coal mining company Bukit Asam to bid for a 600 MW power project in southern Sumatra on a build-own-operate (BOO) model, the concession period lasting a quarter of a century. The approximate capital cost of the project is Rs. 35,000 crore. Analysts are quoted as saying the increasingly competitive domestic electricity market is prompting Indian utilities to look at international opportunities. Until now, power producers had assured returns where they could set-up a project and get 16 per cent return on equity.
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