KEPCO and Manikaran Power sign pact to acquire and operate stressed power assets

Manikaran Power Limited has signed a memorandum of understanding with South Korean enterprise Korea Plant Service & Engineering (KEPCO KPS) to acquire and operate stressed power plants in India.

KEPCO KPS provides operation and maintenance (O&M) services of thermal, nuclear and hydro energy projects with an existing portfolio of 52,000 MW in Korea and has an overseas O&M portfolio of about 6,000 MW. Manikaran Power Limited is a power solutions provider with a Category I power trading license in India.