India's Lanco Infratech looks to buy African coal mines - report.

By bne IntelliNews December 22, 2010
Indian energy and infrastructure firm Lanco Infratech Ltd. aims to acquire mines in Africa, Indonesia and Australia, the company's CEO told Bloomberg news agency. Lanco plans to spend about USD 20bn by 2015 to increase generating capacity to 15,000 MW, of which 85% would be fueled by coal, Nagaprasad Kandimalla was quoted as saying.

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