Infrastructure Leasing & Financial Services

From Global Energy Monitor

The Infrastructure Leasing & Financial Services describes itself on its website as "one of India's leading infrastructure development and finance companies".[1]

Coal plant in southern India

On April 13, 2012, Power Construction Corporation of China said it had signed a $2.4 billion contract to build the second phase of a coal-fired power complex for India's Infrastructure Leasing & Financial Services (IL&FS) in southern India. The second phase will include the addition of four generators each with a capacity of 660 megawatts (MW).

IL&FS said it would import coal from Indonesia, Australia and South Africa to fuel the plant, the first phase of which included two generators each with capacity of 600 MW. It has acquired a mine in Indonesia to supply the generators. IL&FS plans to sell the power from the project to state-run distribution companies on a long-term basis as well as in the open market.[2]

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  1. Infrastructure Leasing & Financial Services, "Overview", Infrastructure Leasing & Financial Services website, accessed February 2012.
  2. Charlie Zhu and Sanjeev Choudhary, "China power giant inks $2.4 bln India project," Reuters, April 13, 2012.