Reliance Power has announced that its wholly-owned subsidiary Reliance Power Netherlands BV has won an international arbitration award of $56 million (Rs 390 crore) against Prestige Capital Holdings (a Seychelles-based company) and Kokos Jiang. Kokos Jiang is the owner of Sugico Group in Indonesia, from whom Reliance Power had acquired the entire economic interest in three coal mining concessions in Indonesia in 2010.
