Dubai-based traders Coal and Oil (C&O) is planning to build a coal fired power plant in Tamil Nadu, the southernmost state in India. C&O has also announced plans to purchase mines in India. Earlier this month, C&O’s associate company, Coastal Energen, finalized US$800 million of financing primarily from the State Bank of India to build a 1,200 MW coal fired plant in Tuticorin. According to the company’s top official, the ...