<div>Reliance Power has signed a deal with China Datang Corp to develop and operate power and energy projects in India and overseas, the Indian company said in a statement on 24 August' 2012.</div><div> </div><div>Reliance, controlled by billionaire Anil Ambani, and the state-owned Chinese company will form a partnership to invest in and develop Reliance's coal mines in Indonesia and offer operations and maintenance services to power plants in India and other markets.</div><div> </div><div>Financial details of the partnership were not released.</div><div> </div><div>Reliance Power and other Indian generators have been increasingly using cheaper Chinese equipment and using Chinese funding to finance some projects.</div><div> </div><div>Indian power producers have been slow to expand as fuel and funds have become scarce and cash-strapped distribution utilities buy less power because they are saddled with $35 billion in debt.<br /><br />(Reuters)</div>
