NEW DELHI: Adani Power has received a letter of intent to acquire debt-ridden Korba West Power Company, which was undergoing an insolvency resolution programme.
“The company has been awarded the letter of intent (LoI) for Korba West Power Company Ltd (KWPCL). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power,” Adani Power said in a BSE filing.
