ICICI Venture-backed Prayagraj Power plans over $700 mn expansion

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A thermal power producer backed by ICICI Venture, the private equity arm of ICICI Bank, may be looking to invest up to Rs 6,000 crore (about $715 million) to increase its existing coal-based generation capacity by a third.    VCCircle has learnt that Uttar Pradesh-based thermal power producer Prayagraj Power Generation Co ......