DAEWOO Power India Limited (DPI) has mandated ABB Structured Finance, ABN Amro, Crédit Lyonnais, Dresdner Kleinwort Benson, ING Barings, Mediocredito Centrale and Warburg Dillon Read as lead arrangers for the $667m of senior debt facilities for its Korba East power project. DPI is a 50:50 joint venture between ABB Energy Ventures and Daewoo Corporation which is developing the 2x535MW coal-fired thermal power plant at Korba East in Madhya Pradesh state.
October 23, 1998