Lanco Infratech is seeking to borrow around $5.6 billion to expand power generation in four years, Bloomberg reports. The Indian electricity producer, controlled by billionaire L Rao, is planning to raise $2.2 billion of debt overseas The company will borrow the remaining money from local banks in the next 15 months. Lanco will also spend $1.4 billion of its funds as it develops plants to generate an additional 6,000 megawatts by March 2015.

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