Inonu-Wigner Contractions of Kac-Moody Algebras
  We discuss In\"on\"u-Wigner contractions of affine Kac-Moody algebras. We show that the Sugawara construction for the contracted affine algebra exists only for a fixed value of the level $k$, which is determined in terms of the dimension of the uncontracted part of the starting Lie algebra, and the quadratic Casimir in the adjoint representation. Further, we discuss contractions of $G/H$ coset spaces, and obtain an affine {\it translation} algebra, which yields a Virasoro algebra (via a GKO construction) with a central charge given by $dim(G/H)$. 
Parthasarathi Majumdar