Reliance Industries (RIL) said it plans to enter into all forms of power generation including, thermal, hydel and nuclear, with the intention to participate in all the ultra mega power projects (UMPPs) coming up for bids.“We are drawing up specific plans for mega-investment in this sector with clean coal-based power generation projects, hydel projects and also in nuclear power as and when it is opened up,” RIL chairman Mukesh Ambani told the 36th annual general meeting (AGM)
“We have the balance sheet to invest in these projects and create value for our shareholders,” Ambani said.The Power Finance Corporation (PFC), which is the nodal agency for implementing the ultra mega power projects (UMPPs), is inviting request for qualifications (RFQs) for the Chattishgarh and Orissa UMPPs in July. The RFQ for the third UMPP in Tamil Nadu would also be issued soon.
The company also plans to enter into alternative power generation business, including wind and solar, with more emphasis on solar energy.Reliance is also implementing a 5 mega watt (MW) solar electricity farm at a site near Jodhpur in Rajasthan, which will be the largest solar electricity farm in the country.RIL feels the revocation of non-compete agreement between RIL and Anil Dhirubhai Ambain Group (Adag), will pave the way for RIL to participate in the whole value chain of the power business, including generation, transmission and distribution.
great and nice blog thanks sharing..I just want to say that all the information you have given here is awesome...Thank you very much for this one.
ReplyDeletesolar energy companies in nashik