Lanco Infratech to raise $2 bn from Chinese banks

Lanco Infratech Limited (LITL), the integrated infrastructure conglomerate with global footprints having businesses in the fast growing industry verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure has entered into a memorandum of understanding (MoU) with the China Development Bank (CDB), a bank owned by the Govt, of Peoples Republic of China, to arrange $ 2 billion debt for two power projects i.e., Anpara Phase II and Himawat, each having capacity of 2×660 MW with supercritical boiler technology.
 

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