GVK Power & Infrastructure Ltd., an Indian generator backed by T. Rowe Price Group Inc., plans to raise as much as 15 billion rupees ($326 million) selling a stake in its energy unit to boost generating capacity. The builder of airports and power plants plans to sell securities that can be converted into equity of its unit, GVK Energy Ltd., Chairman G.V. Krishna Reddy said in an interview in Hyderabad, where the company is based. GVK is in talks with private equity firms for the sale, he said. GVK joins Asian Genco Pte in seeking private equity funding as investors prepare to tap rising electricity demand in Asia’s second-most populous nation. India, ranked below Ivory Coast and Sri Lanka for the quality of infrastructure, plans to increase generation by 77 percent in the next seven years to reduce blackouts and drive the world’s third-fastest growing major economy. […]