CCI approves acquisition of Lanco Amarkantak by PFC Projects, REC, SJVN and DVC

The Competition Commission of India (CCI) has approved the acquisition of 100 per cent shareholding of Lanco Amarkantak Power Limited by PFC Projects Limited, REC Limited, SJVN Limited and Damodar Valley Corporation (DVC). Lanco Amarkantak Power, a special purpose vehicle of Lanco Infratech Limited is setting up the Amarkantak TPP at Pathadi village, in Chhattisgarh in two phases. The first phase of the plant comprised of two 300 MW units which achieved commercial operation in April 2010. Phase II, comprising Unit III and Unit IV of 660 MW each, is being developed at an investment of Rs 108.15 billion.